Attock Refinery Plans New 50,000 Barrel Oil Plant

Attock Refinery Limited (PSX: ATRL) intends to establish a new 50, 000 barrels per day (bpd) deep conversion refinery, subject to sustained supplies of local crude from northern fields and necessary administration backing.

Key points

• The firm has awarded the contract for Project Front End Engineering Design and Project Management Consultancy services to Italy-based Studi Technologie Progetti SpA.
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• The firm additionally intends to revamp its Diesel Hydro Desulfurization (DHDS) unit.

For context, the firm, a subsidiary of Attock Oil Business Limited, disclosed the plan in its annual report, saying the proposed facility would be a state-of-the-art deep conversion refinery. Toyota Pakistan Accuses Competitors of Misusing GST Relief on EVs.

ATRL remarked one of its major challenges is upgrading its existing plants to meet Euro V fuel specifications. The firm has prepared a strategic expansion plan focused on improving the specifications of its petroleum products.

As part of the planned upgrade, ATRL intends to install a Continuous Catalyst Regeneration (CCR) unit to growth PMG production and improve its pool octane to Euro V specifications. The unit is additionally anticipated to eliminate the need for octane boosting additives and naphtha exports.

For context, the firm additionally intends to revamp its Diesel Hydro Desulfurization (DHDS) unit. It is anticipated to reduce the sulfur content of high-speed diesel to 10 parts per million.

ATRL remarked it has completed Licensor Front End Engineering Design studies for the CCR unit and DHDS revamp under its planned upgrade project, with an estimated cost of concerning $600 million. Pakistan, Chinese Firms Eye Rs. 20 Billion Gas Accord.

In practice, the firm has awarded the contract for Project Front End Engineering Design and Project Management Consultancy services to Italy-based Studi Technologie Progetti SpA. Around 90 percent of the project FEED package has been completed, with technical deliverables covering management, process, mechanical, civil, electrical and instrumentation work.

ATRL remarked it contributed Rs. 156 billion to the national exchequer through taxes and duties during the year. It additionally noted foreign exchange savings of $167.13 million through import substitution and exports. Stay Connected with ProPakistani.

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Taken together, the developments around attock Refinery Plans New 50, 000 Barrel Oil Plant point to a situation that is still moving, and the coming days should bring more clarity.