Page 13 - AsianOil Week 06

AsianOil
NEWS IN BRIEF
AsianOil
SOUTH ASIA
Mathura Refinery’s Journey
towards 100% production of
BS-VI Fuels
Bharat stage emission standards (BSES) are standards instituted by the Government
of India to regulate the emissions of air pollutants from motor vehicles. The standards and the timeline for implementation are set by the Central Pollution Control Board under the Ministry of Environment, Forest and Climate Change.
Since October 2010, Bharat Stage (BS) III emission norms have been enforced across the country which allowed Sulfur content in MS (petrol) & HSD (diesel) up to 150 ppm (parts per million) and 350 ppm respectively.
Emission norms were further tightened
in the subsequent step in the form of BS-IV emission norms which were made effective from April’ 2017. These norms allowed Sulfur in MS (petrol) & HSD (diesel) upto 50 ppm level.
As a major step towards reducing air pollution, in January 2016, Government of India (GOI), through a historic decision announced not only to skip the BS-V emissions norms but also decided to implement BS-VI norms on Pan - India basis w.e.f 1st April, 2020. A deadline was also set for rolling out cleaner (BS-VI compliant) fuel across the National Capital Territory (NCT) by Apr’18 & National Capital Region (NCR) by Apr’19.
At a time when all the Indian refineries were producing BS-IV compliant fuels, IOCL Mathura Refinery was the first refinery to take up the challenge to meet the requirement of supplying NCT region with BS-VI compliant fuels (Sulphur - Less than 10 ppm) with its existing facilities/ units. Same was successfully done in January’ 2018, well before the stipulated date and the supply of BS-VI compliant fuels ex Mathura Refinery, to NCT & NCR has continued since then.
Further, in order to upgrade the total production of MS (petrol) & HSD (diesel) produced at Mathura Refinery to meet the most stringent BS-VI norms, some revamp projects were taken up under the Quality Improvement Project (QIP). These included modifications in existing process units including Diesel hydro Desulphurisation
unit (DHDS) and Gasoline hydro Desulphurisation unit (Prime-G). Now, IOCL Mathura refinery has successfully completed the project jobs and has successfully commissioned the revamped facilities in January’2020.
With the commissioning of these facilities, Mathura refinery is now supplying 100% of its MS (petrol) & HSD (diesel) meeting the BS-VI norms.
It is very important to note that with the change in fuel specifications from BS-IV to BS-VI in MS (Petrol) and HSD (Diesel) will bring down sulphur by 5 times which is a whopping 80 per cent reduction and would make environment substantially cleaner. We all will be breathing cleaner air which is a huge health advantage to public at large. INDIAN OIL, February 7, 2020
Petronet LNG unveils nine- month performance
During the quarter ended 31st December, 2019 (current quarter), the Company processed 233 TBTU of LNG, as against 250 TBTU in Q2, 2019-20 (previous quarter) and 202 TBTU in Q3, 2018-19 (corresponding quarter). The Company’s Dahej terminal has operated at around 100 % of its name plate capacity and processed a volume of 222 TBTU of LNG in the current quarter, as against 240 TBTU in the previous quarter and 197 TBTU in the corresponding quarter. Kochi terminal handled 11 TBTUs of LNG.
The Company has processed highest
ever volume of 709 TBTU over nine months period ending 31st December, 2019, as compared to 639 TBTU processed in the corresponding nine month period ending 31st December, 2018, registering a growth of 11%.
The Company has reported PBT of Rs 902 Crore and PAT of Rs 675 Crore in the current quarter. The PBT and PAT reported in the previous quarter were Rs 885 Cr and Rs 1,103 Cr respectively. The PBT and PAT reported in the corresponding quarter were Rs 811 Cr and Rs 565 Cr respectively.
The Company registered highest ever PBT of Rs 2,624 Cr over the nine months period ending 31st December, 2019, which stood
at Rs 2,579 Cr in the corresponding period, witnessing a growth of 1.75%. The Company registered the highest ever PAT of Rs 2,339 Cr over the nine months period ending 31st December, 2019, which stood at Rs 1,715 Cr in the corresponding period, witnessing a
growth of 36%.
The significant increase in profit year to
date, is due to higher volumes processed owing to commercial efficacy and better efficiency in operations.
PETRONET LNG, February10, 2020
SOUTHEAST ASIA
K Line enters into long-term
time charter with Petronas
LNG
Kawasaki Kisen Kaisha (K Line) is pleased to announce the signing of a long-term Time Charter contract of 12 years plus 12 years (Extension Option) from 2022, which have been concluded with Petronas LNG, a subsidiary of Petronas.
K Line has also executed Shipbuilding contracts for 79,960m3 LNG carriers with Hudong-Zhonghua Shipbuilding (Group).
These are the first long-term Time Charter contracts between Petronas and K Line with new-building vessels. These two vessels will be equipped with X-DF engine, which is a dual-fuel engine that uses gas admitted at low pressure.
Petronas, a fully integrated oil and gas company and also a global LNG producer with over 35 years of experience, provides
an uninterrupted supply of LNG to more than 25 countries around the world. Petronas is also the first global energy player to introduce the floating LNG concept in 2016. These two newbuilding vessels will engage
in transportation of LNG from Malaysia (Bintulu) to Shenergy (Group) Co., Ltd., China, from 2022.
Since the delivery of S.S. “Bishu Maru”
in 1983, the first LNG carrier owned by
any Japanese shipping company, K Line has been establishing safety/expertise on LNG transportation and developing its worldwide network over the past 37 years.
K Line will further expand stable earning structure from long-term contract and contribute to stable supply of energy.
K LINE, February 11, 2020
Week 06 12•February•2020
w w w. N E W S B A S E . c o m
P13