Byco's new refinery to commence operation anytime soon

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Byco, the country's largest oil refinery, will soon commence with a crude oil refining capacity of 120,000 barrels per day, a move that would reduce reliance on imports of petroleum products.

"With a 35,000 bpsd refinery already in place, Byco is set to achieve a refining capacity of 155,000 bpsd which is 55 percent more than the current largest refinery in the country, with a blue print in place for an unprecedented increase to 220,000 barrels per day by year 2018," Qaiser Jamal, Chief Executive Officer, Byco Oil Pakistan Limited said while briefing Islamabad-based visiting journalists.

Byco Oil Pakistan Limited outlined the aims of Byco in the Petroleum and Petrochemical sector: "Oil refining and that too putting together Pakistan's largest refinery, has been a gargantuan task. But we were prepared for all challenges and shall soon commence our next big contribution, the petrochemical complex." With operations at full capacity, the total oil refining capacity of 155,000 bpsd equate to almost 39 percent- 41 percent of country's total oil refining capacity, depending on the number of on-stream day factor.

The new Byco Oil Refinery recently completed a successful 72-hour performance test run at 60 percent of capacity. During the performance test run operation, the refinery produced on-specification petroleum products such as naphtha, kerosene, HSD and HSFO. Jamal stated, "The 72-hour trial run was the very last of all critical tests, rendering assurance to the credible integrity and operability of the process units and on-site utilities."

The Refinery is poised to greatly enhance domestic refining capacity, increasing the current capacity of approximately 12.5 million metric tons per annum to almost 18.5 million metric tons per annum, while full throughput is expected to produce about 1.6 million tons HSFO, 2.4 million tons HSD, 1.1 million tons of MS and 0.8 million tons of LPG on an annual basis, figures much needed for Pakistan's consistently rising energy needs. Anticipating the new 40,000 bpsd, PSO Khyber Pakhtunkhwa Refinery soon becoming operational, Pakistan will become virtually self-sufficient in meeting its petroleum requirements.

As a result, the new Byco Oil Refinery will provide substantial import substitution to the country. The deficits are expected to dramatically reduce by about 71 percent in HSDO, 68 percent in Motor Gasoline and 27 percent in Furnace Oil, resulting in substantial foreign savings to national exchequer.

"The new Byco Oil Refinery will also be introducing Pakistan's first and only Isomerization Unit. At present, refineries in Pakistan export Naphtha which can be upgraded to gasoline by processing it through the Byco Isomerization plant which has a capacity of 12500 bbl/day. Gasoline obtained from Isomerization, besides rendering value addition to export Naphtha, will serve as an at par substitution for imports, and greatly offsets the necessity of unnecessarily expensive imported Motor Gasoline", said CEO BOPL, Qaiser Jamal.

"Byco has resourced its utilities requirements to include maintaining a 23-km access road for the last 10 years, processing its own water needs by reverse osmosis technology and using its refinery gas in place of natural gas and finally generating its own electricity for operation of plant and equipment," he added.

Courtesy: Business Recorder

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