Accordingly, Binh Son Refining and Petrochemical Joint Stock Company (BSR) has always maintained stable, safe and continuous operations of Dung Quat Oil Refinery. The company has flexibly and thoroughly applied fluctuation management solutions in production and business operations to overcome the "storm" of market recession.
1. Operational Excellence
Dung Quat Oil Refinery achieved 49.3 million safe working hours. After the 5th general maintenance (BDTT), the EII (Energy Intensity Index) of Dung Quat Oil Refinery decreased to 99.7%, the first time below the 100% threshold, (a reduction of 10.1 million USD compared to 2023), demonstrating efforts to optimize operations and save energy, contributing to improving production and business efficiency. Crude oil loss reached 0.14% (454 million USD lower than KPI); OA reached 96.2%.
2. Investment is booming
3. Optimize BDTT frequency and implementation time
Optimize the frequency of BDTT to 3.5 years, implemented when the crude oil and product market is unfavorable, the proportion of contractors in the industry is the highest ever.
4. Expanding market and product portfolio
With continuous innovation efforts, BSR has produced and sold two new types of Polypropylene (PP), TF4035 and BOPP F3030, bringing the total number of new products of the Factory to 14 types in addition to traditional products.
This contributes to diversifying products and increasing production and business efficiency. Notably, BSR is ready in terms of technical infrastructure to supply SAF products to the market, affirming its pioneering position in the field of sustainable energy.
5. Cost optimization
Reduced production and business costs by more than VND 238 billion; investment costs by VND 190 billion; and VND 82.5 billion (reusing and recovering precious metals from waste catalytic materials and chemicals).
6. Strengthening Corporate Culture
On August 20, 2024, BSR was honored to receive a certificate of merit from the Vietnam Oil and Gas Group for "Outstanding collective in communication and corporate culture" for the period 2019 - 2024, according to Decision No. 3291/QD-DKVN dated May 15, 2024.
7. Conquer new operating limits
Dung Quat Oil Refinery operates safely and continuously. The company has researched and tested a number of workshops to new operating limits such as CDU 118%, RFCC 110%, KTU 140%.
In 2024, BSR will reach an output of 6.6 million tons/year, the highest in years with a General Maintenance. The company has also successfully processed 2 new types of crude oil, bringing the total number of types of crude oil that can be processed to 33 types and 3 types of intermediate materials.
8. Continuously improve the management system
9. BSR is listed on HOSE
On December 12, 2024, Ho Chi Minh City Stock Exchange (HOSE) approved the listing registration for BSR shares, marking a historic turning point in the Company's development process.
