In 2024, BSR will carry out the 5th general maintenance of Dung Quat Oil Refinery, so the planned output is more than 5.7 million tons of products compared to the annual average of about 6.4 - 6.7 million tons.
However, before the general maintenance, there was a time when Dung Quat Oil Refinery operated at 118% of its capacity. After the successful general maintenance, the Plant has always operated safely and stably at optimal capacity. Thus, according to the plan, by the end of 2024, BSR is expected to produce about 6,598,803 tons of various products, exceeding the annual plan by 15%.
Mr. Cao Tuan Si - Director of Dung Quat Refinery - said: "BSR's staff has made efforts to ensure that Dung Quat Refinery operates safely, stably and effectively. Safety work, especially technological safety in production activities, is always focused on and strictly implemented, inspection work, early detection of hazards and the development and implementation of effective risk control solutions, especially for the important equipment of the Plant".
Maintenance work is organized regularly by BSR, optimizing available resources, saving costs, ensuring operational safety and stable operation for the Factory. Focusing on increasing the rate of preventive maintenance and minimizing the time and volume of maintenance and repair. At the same time, improving the capacity and skills of the maintenance team, increasing the application of scientific and technological solutions to improve labor productivity, safety and operational reliability of equipment.
In the third quarter and the first half of the fourth quarter of 2024, fluctuations in crude oil prices led to narrowing of the refining industry's profit margins, creating financial pressure for oil and gas corporations and companies globally; Binh Son Refining and Petrochemical Joint Stock Company was not out of that difficult context.
To maintain production and business activities and reach the production target 43 days ahead of schedule, BSR has developed and implemented a fluctuation management strategy, focusing on ensuring operational safety, diversifying production raw material sources, enhancing market forecasting, developing response scenarios, and flexibly adjusting production plans in accordance with market changes.
In addition to increasing the search and processing of new types of oil, especially imported oil, to improve the flexibility of the Factory, BSR has researched the processing of VGO/Residue (intermediate constituents) to ensure the capacity of the RFCC workshop in the case of processing low residue oil.
BSR has also tested and put into use new types of catalysts and additives to increase competitiveness and optimize production. In nearly 11 months of 2024, BSR successfully completed the task of producing and selling over 40,000 m3 of specialty fuels including Jet K, DO-L62, A83. From now until the end of 2024, BSR will continue to produce and sell an additional 17,000 m3 of specialty fuels, meeting the contract.
BSR continues to research, evaluate and test the capacity increase of some technological workshops (CDU up to 118-120%, combining SRU1 with SRU2 to test the capacity of 130% to maximize the ability to process high sulfur crude oil, PP up to 140% capacity...). Search, evaluate and test the processing of new crude oil and intermediate materials; Evaluate and test new types of catalysts and additives; Continue to research and develop the production of new products (Bio PP, PP compound fiberglass, PP for medical applications, SAF).
In science, technology and innovation, BSR promotes research on applying ESG towards the goal of improving competitiveness and sustainable development. At the same time, it is upgrading the subsystems of ideas - improvements, initiatives and scientific tasks of the e-Office system. As a result of scientific research in the first 9 months of 2024, BSR has implemented 217 innovative solutions bringing in 340 million USD (equivalent to 8.2 trillion VND in revenue).
