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Philippine energy major Petron is investing at its refinery complex in Limay

April 13/2011

(ICIS) -- Philippine energy major Petron is investing USD 1.8bn (EUR 1.24bn) at its refinery complex in Limay, Bataan, to beef up its capacity to produce high-margin products, including propylene (C3), a company official said on Wednesday. Petron will upgrade the conversion capabilities of its refinery to yield more liquefied petroleum gas (LPG), gasoline, diesel, and petrochemicals, the official said.

Its current propylene production will be tripled, based on the companys plan unveiled on 6 April. The company runs a 140 KTa propylene recovery unit at its Bataan production site.

The refinery expansion called RMP-2  is expected to be completed by the end of 2014, the Petron official said.

South Koreas Daelim Industrial was tapped to help out in the construction, having received an order for an oil-refining plant projects worth USD 318m from Petron.

The Bataan complex, located 150 kilometres southwest of Manila, houses a 180.000 bbl/day refinery, a Petro Fluidized Catalytic Cracking (PetroFCC) unit that has a conversion capacity of 19.000 bbl/day, as well as an aromatics facility that can produce 150 KTa of benzene, 22.8 KTa of toluene and 220 KTa of mixed xylene.

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