SRC soon to embark on US$500 million refinery upgrade
Singapore Refining Co. (SRC), a joint venture between U.S.-based Chevron and China’s PetroChina, is set to embark very shortly on a US$500 million-plus upgrading of its Jurong refinery in Singapore.
Engineering work is underway for its upgrading project, Business Times reported.
The upgrading will consist of three new plants, including an ultra-low sulfur, gasoline unit which will produce Euro IV-compliant gasoline; a lubricating base oil or lubricants feedstock unit; and an in-house 60-70 megawatt (MW) cogeneration plant to supply the refinery with its own utilities, including power and steam.
Additionally, the 290,000 barrel per day (bpd) SRC refinery has started a longer-term feasibility study, which has been tagged the “Lion” project, after the red lion logo of PetroChina-owned Singapore Petroleum Company, on how it can further improve the refinery’s competitiveness and complexity.