31 July 2013 09:30 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s PETRONAS is expected to start up a planned 300,000 bbl/day refinery at its Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang in the fourth quarter of 2017, a company source said on Wednesday.
The proposed refinery is intended to supply feedstock to the project’s petrochemical complex.
“The remaining plants within the complex is scheduled to be commissioned in 2018,” the source said.
The final investment decision (FID) for the $20bn (€15bn) RAPID project has been rescheduled to March 2014 from June this year, according to the company source.
“As a result of the revised FID date, the RAPID refinery is scheduled to be ready for start-up in the fourth quarter of 2017,” the source said.
RAPID will produce refined petroleum products, including diesel and gasoline that will meet Euro 4 and Euro 5 fuel specifications.
The project is also expected to produce 9m tonnes/year of petroleum products and 4.5m tonnes/year of petrochemicals, which will include specialty chemicals.
France-based Technip was previously awarded the front-end engineering design (FEED) contract for RAPID. The contract is expected to be completed in the second quarter of 2013.
INEOS in December last year said that it was selected to provide the technology for the linear low density polyethylene (LLDPE)/high density polyethylene (HDPE) plant of the RAPID project.
The plant with a 350,000 tonne/year capacity will manufacture a range of PE resins, including HDPE, LLDPE and metallocene linear low density polyethylene (MLLDPE).
($1 = €0.75)
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