Petron Building Own Power Plant For Its Bataan Refinery

Petron Corp., now the country’s largest oil company, is putting up its own power plant to service its Bataan refinery and projects to finish it in the second half of 2022.

The power plant is designed to generate power and steam required by the Refinery, utilizing cheaper feedstock (petcoke) instead of the more expensive fuel oil.

Also, products previously used as refinery fuel will be converted to high-value products.

It earlier acquired the cogeneration power plant from SMC Powergen, Inc., which consists of four turbo-generators with a combined capacity of 140 MW and four solid fuel-fired circulating fluidized bed boilers.

This ensures the sufficient and reliable supply of steam and power for the Petron Bataan Refinery and exports excess power to the grid. In addition to the Petron Bataan Refinery, the company also owns and operates a fuel additive blending plant in the Subic Bay Freeport Zone with a capacity of 12,000 MT per year.

Petron also operates a lube oil blending plant in Tondo, Manila. The capacity of the New Lube Oil Blending Plant is 90,000,000 liters per year per shift. Petron ended 2020 with a market share of 22.1 percent.

WEEKLY FEATURE : PAL READY TO SOAR WITH PANDEMIC