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Phase 2 project will increase Dung Quat Oil Refinery’s capacity to 171,000 barrels/day, meeting Euro 5 product standards.
Deputy Prime Minister Tran Hong Ha has just signed a decision approving the adjustment of the investment policy for the project to upgrade and expand Dung Quat Oil Refinery of Binh Son Refining and Petrochemical Joint Stock Company (Stock code: BSR).
Accordingly, the project will invest in upgrading and expanding the existing Dung Quat oil refinery to increase the processing capacity of the plant from 148,000 barrels/day to 171,000 barrels/day. The products meet EURO V standards, environmental standards according to the Government’s mandatory roadmap.
With the expansion, the plant will increase the flexibility of selecting crude oil for processing, ensuring a long-term and effective supply of crude oil, thereby improving the investment efficiency of Dung Quat Oil Refinery. The project is expected to contribute to promoting the economic and social development of the whole country, especially the Central region.
With the addition and upgrading of technology, auxiliary and peripheral workshops to meet the plant capacity of 171,000 barrels/day, the project will have 5 new copyrighted technology workshops.
Including: gasoline hydrotreating workshop ( GHDT); diesel hydrotreating workshop (DHDT); alkylation workshop (ALK); hydrogen production workshop (HGU); sulfur recovery workshop (SRU3/4).
In addition, 2 more non-copyright technology workshops were added: sour water treatment workshop (SWS2) and amine regeneration workshop (ARU2).
Along with that, there are a number of technological workshops that need to be adjusted and converted such as crude oil distillation, kerosene processing, liquefied gas processing, light oil processing with hydrogen…
With the expansion investment, the total capital for this project is about 31,235 billion VND, equivalent to 1.257 billion USD. The investment capital is implemented according to the owner/loan capital structure of 40/60. Investors are considered to adjust the capital structure to suit the actual ability to balance resources, in order to bring about higher efficiency.
According to the issued decision, the EPC contract implementation project is expected to take 37 months, and the factory is expected to be put into operation in the first quarter of 2028.
Ngoc An (Tuoitre.vn)
