Petroleum Transfer Project Philippines

Petron Bataan refinery is the largest refinery in the Philippines with a production capacity of 180,000 barrels per day (bpd). Located within the Limay municipality of Bataan province, it processes crude oil to produce a full range of petroleum products, including gasoline, jet fuel, industrial fuel oil, diesel, kerosene and liquefied petroleum gas (LPG). The Petron Bataan refinery expansion, named Refinery master plan phase 2 (RMP-2), was initiated in April 2011 and began commercial operations in January 2016. The project was developed with an investment of $2bn. RMP-2 enabled the refinery to produce petroleum coke, which is used as feedstock for the 140MW refinery solid fuel-fired boiler (RSFFB) to produce steam and power for the refinery. The new power plant will help in generating energy savings worth approximately P1bn ($20m) a year by improving the steam supply to the refinery. The project employed 16,000 workers during the peak construction phase. The refinery was temporarily shut down in May 2020 due to the falling oil demand during the Covid-19 lockdown. However, it resumed normal operations in October 2020. The operator is considering to permanently shut down the refinery if the government fails to support tax relief for the excise taxes on crude and raw materials, and finished products.