Thai Oil Plc, Thailand’s biggest oil refiner by capacity, has officially launched its Clean Fuel Project (CFP), which aims at increasing its oil refining capacity from 275,000 barrels per day to 400,000 barrels per day, allowing also to increase product value by turning fuel oil into jet fuel and diesel, which is more expensive and more Environmentally-friendly. The project is expected to start commercial operation in mid-2023.
The USD 4.825 million project will add a vacuum gas oil hydrocracker, a residue hydrocracker, a hydrogen Manufacturing unit, a naphtha hydrotreater, a diesel hydrodesulfurization unit, a sulfur recovery unit, and an electric power plant fueled by residue pitch.
At the foundation stone laying ceremony, Mr. Wirat Uanarumit, CEO and President of Thai Oil, noted that the CFP is considered the first private sector Mega Project in the Eastern Economic Corridor (EEC), a government-led initiative for the economic development of Thailand’s Eastern Seaboard.
(Sources: Bangkok Post; Oil & Gas Journal)