According to information from BSR, at 5:00 p.m. on November 18, 2024, the Dung Quat Oil Refinery's gasoline and oil production clock reached the 2024 plan milestone of 5,727,735 tons, 43 days early.
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, lower than the annual average of 6.4-6.7 million tons. However, before the maintenance, the Factory was operating at 118% of its capacity. After the successful maintenance, the Factory has been operating stably and is expected to produce 6,598,803 tons by the end of the year, exceeding the annual plan by 15%.
Ensuring safety and effectiveness
Mr. Cao Tuan Si - Director of Dung Quat Oil Refinery shared: "BSR's staff has made great efforts to ensure safe, stable and efficient operations". Technological safety has been emphasized, especially in checking, early detection of hazards and proposing solutions to control risks. Thanks to flexible operations, BSR has adjusted processing capacity and product structure to meet market demand, while contributing to ensuring national energy security.
Safety work in maintenance is also invested scientifically, from increasing the rate of preventive maintenance to applying new technologies to enhance operating efficiency and equipment reliability.
Overcome challenges with effective strategies
In the third quarter and the first half of the fourth quarter of 2024, the refining industry's profit margin narrowed due to fluctuations in crude oil prices. In this context, BSR has developed a strategy to manage fluctuations, invest in research and diversify production materials. The company has also researched VGO/Residue processing and tested investment in new chemicals, in order to maintain output and increase competitiveness in the market.
In addition, BSR also strengthens research on processing imported oil, researches and produces many high-end products such as Bio PP, PP fiberglass compound, PP for medical applications and clean fuel to serve domestic and international needs.
Innovation and sustainable development
BSR has successfully researched to increase the output of high-value products such as ADO, Jet-A1 and PP. The ratio of Mogas 95/Mogas 92 gasoline products has been increased from 40%/60% according to the original design to over 70%/30%. The company has promoted research and production of Bio PP, glass fiber compound PP and medical PP.
In science and technology, BSR has deployed 217 innovative solutions in the first 9 months of 2024, bringing in 340 million USD in revenue, equivalent to 8.2 trillion VND. Aiming for sustainable development, the company has increased research on ESG application and enhanced competitiveness. This is a clear demonstration of the company's determination to innovate and create continuously.
The completion of the 43-day deep production target demonstrated BSR's determination, flexibility and outstanding operational ability in the face of global challenges.
