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Early April east Asian downstream update

Hydrocarbon Engineering,

Huge explosions and fires engulfed the 400 000 bpd Pertamina refinery, operated by state oil and gas firm PT Pertamina, on April 3. No fatalities have been reported after the accident in Cilacap, central Java, but there has been extensive damage. Despite this, refinery officials insisted that production would not be affected.

Petron Corp. is planning a US$ 1.8 billion expansion project at its refinery at Limay, Bataan. The project will enable to refinery to process a different grade of crude oil and thus increase production of petroleum and petrochemicals significantly. Petron predicts revenues to increase by 50% on 2010 levels when the expansion comes onstream in 2015.

Hiap Seng Engineering has secured one of five turnaround maintenance contracts for PetroVietnam subsidiary Binh Son Refining & Petrochemical’s Dung Quat refinery. Under the US$ 10.5 million contract, Hiap Seng will provide services including inspection, testing and cleaning of process equipment parts for the 148 000 bpd refinery. The complex also recently resumed operations on April 2 after more than a week of routine checkups.

The Dong Xanh (Green Field) Joint-stock company has inaugurated a biofuel ethanol refinery in Quang Nam. The Dai Loc refinery cost US$ 28.8 million to construct and has a capacity of 100 000 tpy, making the complex the first ‘green gas’ producer in the country.

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