The Bangchak Petroleum Plc. Opportunity Day for Y2010 performance - - PowerPoint PPT Presentation

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The Bangchak Petroleum Plc. Opportunity Day for Y2010 performance - - PowerPoint PPT Presentation

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The Bangchak Petroleum Plc. Opportunity Day for Y2010 performance March 7, 2011 Mr. Vichien Usanachote SEVP-Refinery Business Mr. Surachai Kositsareewong EVP-Accounting &Finance Contents BCP Achievements in 2010 BCP Performance

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SLIDE 1

The Bangchak Petroleum Plc.

 Mr. Vichien Usanachote SEVP-Refinery Business  Mr. Surachai Kositsareewong EVP-Accounting &Finance

Opportunity Day for Y2010 performance • March 7, 2011

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SLIDE 2

Contents

BCP Performance in 2010 BCP on the move in 2011 BCP Achievements in 2010

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SLIDE 3

Ref efining ning Highl hlight ight 2010

Crude Selection

Advantages of using local crude  Low Sulfur  Low Transportation Cost  Minimum Inventory day

Y2009 Y2010

34% 13% 35% 50% 11% 14% 17% 22% 3% 1%

Product Yield

LPG MOGAS JET DIESEL FUEL OIL

60 65 70 75 80 85 90

Y2009 Y2010

79.2 86.0

KBD

Crude Run

Local Crude 61%

Far East 39%

Natural Gas

Cogeneration Power Plant EURO IV Project

3

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SLIDE 4

2.63 2.75

1 2

MKM ($/BBL)

Y2009 Y2010

+5%

GRM Perfor

  • rma

mance nce 2010

6.09 2.15

2

Y2010 8.24 $/Bbl

Accounting GIM ($/BBL)

Total GRM Contribution MKM

Better Margin Year

 Crude Run increased  Less production of Fuel Oil and higher production in diesel.  Better products crack spread

3.98 5.63

1 2

Base GRM ($/BBL) 5.62 0.03

1 2

GRM Hedging ($/BBL) 3.16 0.43

1 2

Inventory G (L) ($/BBL) 4

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SLIDE 5

2.4% 12.4%

  • 1.0%

6.8%

  • 2.0%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0%

BCP Industry

2009 2010 2009 2010

2009 2010 56.6 63.6

2010 ML/MO Mkt Share PTT 508.0 37.0% ESSO 239.8 17.4%

BCP

189.4 13.8% SHELL 179.9 13.1% CALTEX 91.4 6.7% OTHERS 166.0 12.1% 1,374.5

1

3

2 4

Ma Mark rketing ting Highl hlight ight 2010

Retail Market Share moved up to 3rd rank

JET

Sales Vol. (ML/MO)

+12.4%

300 Stations 5 Stations 139 Stations 2 Stations MOGAS JET

Sales Vol. Growth in 2010 5

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SLIDE 6

2009 2010 1.46 1.74

Lub ube: e: Growing wing Export Mark rket t

Lube

+19.2%

Sales Vol. (ML/MO) Sales Vol. Growth in 2010

19.3% 6.9% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 21.0%

BCP Industry

China Burma Cambodia

6

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SLIDE 7

Ma Mark rketin ting g Rebr bran anding ding

139 stations were rebranded

Co-Op Standard station

70 stations were rebranded

7

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Inthanin thanin Coffee ee

Inthanin Premio @ CTW Inthanin @ Faculty of Architecture and Planning, TU Inthanin @ Faculty of Engineering, CU Inthanin @ Faculty of Science, CU

8

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SLIDE 9

95.3 97.8 98.4 97.4 98.8 98.5 99.2 99 99.2 99.1 97.8 98.8

93 94 95 96 97 98 99 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Yield 2010

Ba Bangch chak ak Bi Bio Fuel el

53.3 63.3 84.4 43.3 77.8 85.4 108.6 38.2 102 75.7 57 90.6

20 40 60 80 100 120 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Utilization 2010

% Utilization % Yield

AVG 98.3% AVG 73.3%

Revenue : 2,474 MB EBITDA : 341 MB Net Profit : 252 MB

9

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SLIDE 10

Sola lar r Far arm m : Ph Phas ase e I

Phase I : 38 MW

  • Project Cost ~ 4,200 MTHB
  • Work Progress 30%
  • COD : Q4/2011
  • Expected EBITDA +700 MTHB/Year

10

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SLIDE 11

The Asset Corporate Titanium Award Platt's Global Energy Awards Readers Digest Trusted Brand 2010 Top CG Awards  Best CSR Awards Thailand Quality Class

Other ther Events ts & Activ & Activit ities ies in 2010

Awards TRIS Rating

11

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SLIDE 12

BCP Performance in 2010

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SLIDE 13

Profit it and d Loss Hig ighlig ights ts 2010

4Q10 2010 2009

Sale Revenue 35,661 134,638 107,678 EBITDA 1,988 5,827 12,244 Refinery business 1,767 4,466 10,839 Marketing business 221 1,361 1,405 Depreciation & Amortization (510) (1,820) (999) Other FX and Impairment 172 495 (93) Financial Cost (221) (862) (512) Pre-tax Profit 1,429 3,640 10,640 Tax (439) (992) (3,165) Net Profit 990 2,648 7,475 EPS 0.85 2.26 6.53 Unit : Million Baht 13

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SLIDE 14

4Q10 2010 2009 M.Baht $/BBL M.Baht $/BBL M.Baht $/BBL Base GRM 1,581 6.40 5,631 5.63 4,016 3.98 GRM Hedging

  • 189
  • 0.77

28 0.03 5,631 5.62 Inventory Gain/(Loss) 662 2.68 434 0.43 2,221 2.22 Write Down (LCM)

  • 942

0.94 Total GRM 2,054 8.32 6,093 6.09 12,810 12.76 Other Income 421 1.70 544 0.54 49 0.05 Operating Expenses (708) (2.87) (2,171) (2.17) (2,020) (2.02) EBITDA 1,767 7.15 4,466 4.46 10,839 10.79 ฿

Ref efine nery y BU BU Per erformance

  • rmance

14

Key factors Crude Run (KBD) 89.1 86.0 79.2 Exchange rate (฿/$) 30.1 31.9 34.6 DB ($/Bbl) 84.3 78.0 61.8

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SLIDE 15

4Q10 2010 2009

M.Baht ฿/L M.Baht ฿/L M.Baht ฿/L Net Retail Margin 468 0.77 1,851 0.77 1,840 0.79 Net Industrial Margin 96 0.25 297 0.20 176 0.15 Total MKM 564 0.57 2,148 0.55 2,016 0.57 Other Income 206 0.21 833 0.21 860 0.24 Operating Expenses (549) (0.55) (1,620) (0.42) (1,471) (0.42) EBITDA 221 0.22 1,361 0.35 1,405 0.39 2.98 $/bbl 2.75 $/bbl 2.63 $/bbl

Ma Mark rketin ting g BU BU perfor

  • rmance

mance

Sale Volume (ML/Mo) 333 324 295

  • Retail

203 201 195

  • Industrial

129 123 100

15

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SLIDE 16

Assets Dec 31, 2010 Dec 31, 2009 Liabilities Dec 31, 2010 Dec 31, 2009 Cash 8,504 1,711 Short Term Loan + Due 1 Yr 2,587 1,687 Trade Accounts Receivable 6,314 5,501 Trade Accounts Payable 10,094 6,023 Inventories 14,588 13,625 Other Current Liabilities 4,498 4,911 Other Current Assets 2,104 1,943 Long Term Loan 16,441 13,568 Current Assets 31,510 22,780 Other Non current Liabilities 869 880 Total Liabilities 34,489 27,069 Shareholders' Equity Investment in Subsidiary 198 198 Common Share 1,177 1,170 PPE 27,073 27,711 Premium on Share Capital 8,462 8,369 Leasehold Right 954 1,025 Revalue Asset 4,108 4,477 Other Non-Current Assets 1,445 1,187 Retain Earning 12,944 11,816 Total Equity 26,691 25,832

Total Assets 61,180 52,901 Total Liabilities & Equity 61,180 52,901

Financial ancial Position tion 2010

Unit : Million Baht 16

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SLIDE 17

72% 70%

22% 21%

6% 9%

EBITDA NET PROFIT

Financial ancial Me Meas asurem rement ent 2010

PROFIT RETURN RATIO

(For 2010) Net Profit Margin % 1.97 Earning per Share Baht 2.26 Return on Equity-ROE % 10.09 Return on Assets-ROA % 4.64

FINANCIAL POSITION RATIO

(As at 31 Dec 10) Current Ratio times 1.83 AR Day days 16.1 DSCR* (net CAPEX) times 2.29 D/E Ratio times 0.71 Net debt to EBITDA* times 1.95 Book Value per Share (BV) Baht 22.68

*EBITDA excluded inventory effect for 12 months backward

Biodiesel (B100) Marketing & service station Refinery business Net Profit 2,889 MB Total EBITDA 6,165 MB

Revenue Growth 25% 21% - Oil price increased 4% - Sales volume increased

17

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Unit : MB 1Q 2Q 3Q 4Q FY % SALE 529 523 586 836 2,474 100% COGS (455) (454) (497) (663) (2,069)

  • 83.6%

GROSS PROFIT MARGIN

73 69 89 174 405 16.4% OPEX (14) (15) (16) (19) (64)

  • 2.6%

EBITDA 59 54 73 155 341 13.8% DEPRE (11) (11) (12) (11) (45)

  • 1.8%

INTEREST (9) (9) (9) (8) (36)

  • 1.5%

Corporate Tax (6)

  • 0.2%

NET PROFIT 38 33 52 129

252

10.2%

Bang ngchak chak Bio Fue uel l Per erform

  • rmance

ance 2010

Accounted for approx. 9%

  • f BCP group

817 255 231 166 545 149 475 186 115

Balance Sheet Profit & Loss

18

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Refinery Performance 2010

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SLIDE 20

61 67 8 11 1 1 22 17

Performance mance 2010

Oil Market Outlook Refinery Business Plan 2011

2009 2010 86 79 KBD $/BBL 2009 2010 5.63 3.98 KBD 2009 2010 96 92

Domestic and Export Sale Volume

M.7 PTT Own Market

GRM Increase Utilization Rate

Performance 2010 Global Oil Market

Export

20

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Run n High Ma Margin Feedst edstock ck

Oil Market Outlook Refinery Business Plan 2011

New/Opportunity Crude 3.5 New/Opportunity Crude 4.1

Performance 2010 Global Oil Market

Other Import 9.3 Onshore 7.8 Offshore 9.0 Other Import 9.9 Onshore 7.6 Offshore 10.1

21

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Gas as Oi Oil EU l EURO O IV

Gas Oil EURO IV Incentives

Incentive 24 st./L @ 190 ML/Month ~ 550 M Baht/Year

2010 2011 2012++

GAS OIL

EURO IV

EURO IV becomes fully effective from 1 Jan 2012

Oil Market Outlook Refinery Business Plan 2011 Performance 2010 Global Oil Market

2011: @ 210 ML/Month ~ 605 M Baht/Year 22

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SLIDE 23

En Energy ergy Saving

NG Usage for Cogeneration and Plant Fuel

Boiler & T/G

Electricity 5.9 MW

Cogeneration

(PTT)

Before After

Fuel oil, Fuel Gas NG

 Total Saving Cost: 380 M Baht  Security in power supply  Lower emission

Oil Market Outlook Refinery Business Plan 2011

Stream 150 T/hr. + Electricity 17.3 MW

MEA

Electricity 2.9 MW Stream 46.7 T/hr. + Electricity 14.6 MW

MEA

T/G : Turbine Gas

Boiler & T/G

Fuel oil, Fuel Gas

Stream 53.8 T/hr. + Electricity 5.7 MW

Performance 2010 Global Oil Market

Fuel oil, LPG NG

Plant Fuel Plant Fuel

23

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SLIDE 24

Global Oil Market

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Pr Prices ces Mo Movement ment

Oil Market Outlook Refinery Business Plan 2011

J F M A M J J A S O N D J F M A M J J A S O N D J F M A

30 40 50 60 70 80 90 100 110 120

2009 2010 2011

Dubai Brent WTI

  • 2Q10 earnings

beat analyst estimation

  • Weak US dollar on

speculation of QE2 appealed commodities such as oil

  • China’s decelerated economy
  • Concern over

U.S. economic recovery

  • QE2
  • Winter demand
  • Arab states unrest
  • Greece debt concerns

Performance 2010 Global Oil Market

25

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SLIDE 26

UNL 95-Dubai Gas Oil-Dubai Fuel Oil-Dubai

Q1 2010 Q2 2010 Q3 2010 Q4 2010 2009

Pr Prices ces Mo Movement ment

Oil Market Outlook Refinery Business Plan 2011

 Open western arbitrage from Asia  Strike in France resulted in 1.2 MBD of supply disruption  Higher demand from China for Asian games  Peak diesel import from China to meet its domestic policy of power supply cut drove Asian market  Abundant of supply due to higher western arbitrage inflow

$/BBL $/BBL $/BBL

Performance 2010 Global Oil Market 8.45 12.54 9.29 8.60 10.70 10.31 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 7.21 8.86 11.25 12.43 13.02 11.49 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00

  • 4.69
  • 3.10
  • 6.73
  • 4.82
  • 8.18
  • 5.73
  • 10.00
  • 8.00
  • 6.00
  • 4.00
  • 2.00

0.00 2010

26

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Contents

BCP Performance in 2010 BCP on the move in 2011 BCP Achievements in 2010

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SLIDE 28

Oil Market Outlook

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SLIDE 29

Ma Macr croecon

  • econom
  • mics

ics Ou Outl tlook

  • ok

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Global economy is continuing to grow this year but decelerated in China, and India with slow growth of developed countries.

Source : IMF, Jan 2011

The worst is over Economy is moderate recovery

2.8

  • 0.6

5 4.4 4.5 0.0

  • 2.6

2.8 3.0 2.7 0.5

  • 4.1

1.8 1.5 1.7

  • 1.2
  • 6.3

4.3 1.6 1.8 9.6 9.2 10.3 9.6 9.5 6.4 5.7 9.7 8.4 8

  • 8
  • 6
  • 4
  • 2

2 4 6 8 10 12 2008 2009 2010 2011 2012 World US EU Japan China India

World GDP Growth Outlook (%YoY)

29

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Dema mand nd

North America Latin America Africa Middle East 2009 2010 2011 FSU Europe Asia

Source : IEA, Feb 2011

Yearly demand rise will be driven by emerging countries such as China and Middle East, while OECD countries will still see their year-on- year consumption declining in 2011.

*Include Biofuel Demand

  • 879

618 85

  • 1

278 204

  • 888
  • 90
  • 27

215 267 238 6 45 105

  • 228

278 123 619 728 1444

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Global Oil Demand* 2009-2011 (MBD)

82 84 86 88 90 2009 2010 2011 +2.84, 3.3% +1.46, 1.7% 85.0 87.8 89.3

30

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SLIDE 31

Supp pply ly

UAE, 0.3 Nigeria, 0.3

Kuwait, 0.2

Others, 0.8 50.9 50.9 51.7 52.8 53.5 4.3 4.4 4.8 5.3 5.8 30.3 31.2 28.7 29.2 86.7 85.9 85.0 87.8 89.3 30 40 50 60 70 80 90 2007 2008 2009 2010 2011 World Oil Balance (MBD) OPEC Supply OPEC NGLs Non-OPEC Supply

Call on OPEC 29.9 MBD

  • Non-OPEC supply increases by 700 KBD in 2011 and the uptick in non-OPEC supply is driven by China,

Brazil, Columbia, the FSU and global biofuels.

  • The call on OPEC crude for 2011 was increased to 29.9 MBD due to growth in demand.
  • OPEC effective spare capacity stands at 5.4 MBD. Mainly spare capacity is from Saudi Arabia.

Saudi Arabia 3.8 Source : IEA, Feb 2011

Spare Production Capacity (MBD) World Oil Balance (Demand/Supply)

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

31

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SLIDE 32

Key y Fac actor

  • rs

High inflation and asset price bubble risk in China may make Chinese policy maker raises interest rate and reserve ratio More QE policy would cause weak dollar leading money flows to Commodities Uprising around oil producers may cause oil disruption World GDP Growth leads by Asian Countries, China (9.6%) and India (8.4%)

Key Factors

Political Tension

Quantitative Easing (QE)

Global Economic Recovery

Bubble Risk in China

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

32

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SLIDE 33

Key y Fac actor

  • rs

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Political Tension

33

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SLIDE 34

Key y Fac actor

  • rs

LIBYA’S OIL AND GAS RESOURCES

  • Libya, a member of OPEC, holds the largest

proven oil reserves in Africa – 44 billion barrels of oil and slightly over 54 trillion cubic feet of natural gas

There is still the uncertainty about how much the unrest in Africa and Middle East will spread and how long Libya’s oil will be shut off.

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Political Tension

Source : Thomson Reuters MBD 0.2 0.7 1.2 1.7 2005 2006 2007 2008 2009 2010 2011 0.8 MBD 1.6 MBD

LIBYA’S OIL EXPORT AND OUTPUT

Europe, , 79 79% China, , 10 10% U.S., ., 5% Other, r, 6%

34

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SLIDE 35

Refining ning Ma Margins

4Q10 2011 2011 Singapore Cracked Margin Outlook ($/BBL)

We estimate Singapore crack margin will recover from 2011 onwards

Topping Margin Cracking Margin

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

35

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SLIDE 36

Refinery Business Plan 2011

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Refine nery y Bu Business ness Pl Plan an 2011

Refinery Capacity Utilization Plan 2011 (KBD)

93 KBD 81 KBD Feb 6 KBD Mar Jan

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

  • Longer period with higher GRM after maintenance
  • Rich middle distillate yield after maintenance
  • Increase high TAN crudes intake
  • Improvement energy savings program phase I

37

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SLIDE 38

+ 7%

New Hydrocracker’s Catalyst

Complex Refinery Old Hydrocracker’s Catalyst Complex Refinery New Hydrocracker’s Catalyst

PRODUCT YIELD

GRM +1.00 $/BBL

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

  • 2%
  • 5%

Light Distillates 28% Light Distillates 23% Jet 8% Jet 15% Diesel 52% Diesel 50% Fuel Oil 12% Fuel Oil 12%

38

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SLIDE 39

BCP as a group

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SLIDE 40

BCP as a gr a group

Natural Resources ASEAN Potash Mining (APMC) : 16.4% Clean Electricity Bangchak Solar Energy (BSE) : 100% Biofuel Bangchak Biofuel (BBF) : 70% Ubon Bio Ethanol (UBE) : 21.3%

The Bangchak Petroleum Plc.

Retail Management & Logistic Bangchak Greennet (BGN) : 49% Fuel Pipeline Transportation

(FPT) : 11.4%

Refinery & Retail Marketing Business

40

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SLIDE 41

MK Busi siness ness Aims ims to be 2nd

nd Mark

rket t Share re

200 200 Stations 10 10 Stations

41

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SLIDE 42

300,000 360,000

BBF F : D Deb ebottle tlenecki ecking g Project ject

Production Capacity

(Ltr/Day) 42

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SLIDE 43

Starch : 600 T/day Cassava Farm : 10,000 Rai

Inves estment ment THB 750 mil illio ion in in E Ethan anol

  • l Pr

Project ject

Ubon Agricultural Energy (UAE) Ubon Bio Gas (UBG)

100% 100%

Ethanol: 400,000 Ltr/Day COD : Jun 2012

Ubon Bio Ethanol (UBE)

Biogas : 72,000 m3/day Power Plant : 1.9 MW

21.3% 21.3% 57.4% Existing Shareholder

43

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SLIDE 44

Ba Bangch chak ak Solar lar En Energy ergy

Phase III Phase II Phase I

  • Capacity 38 MW
  • Project cost : 4,200 MB
  • EBITDA : 700 MB/Y
  • COD : Q4/2011
  • Capacity 32 MW
  • Project cost : 3,600 MB
  • EBITDA : 600 MB/Y
  • COD : Q4/2012
  • Capacity 48 MW
  • Project cost : 5,400 MB
  • EBITDA : 900 MB/Y
  • COD : Q4/2013

700 MB 1,300 MB 2,200 MB

EBITDA/Yr TOTAL/Yr

+ Secure PPA 120 MW with EGAT and PEA + Adder of Solar-electricity 8 Baht/Kwh, 10 years long + BOI Tax Privilege

44

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SLIDE 45

Pota tash sh mi mining

BCP Introduce “Solution Mining”

  • Environment friendly technology
  • Gain public acceptance

“Conventional Mining” “Solution Mining”

45

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SLIDE 46

Pal Palm m Pl Plan anta tation tion

Located 65 km from BBF

46

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SLIDE 47

Alga gae Next Gen ener erat atio ion n Bio iofue uel

4 times higher yield than Palm oil with in-sight viable economic return

$/BBL

Production cost Refining Cost

Total Cost Crude Oil (Marginal Barrel) 80+ (Deep Water) 8 88+ Palm Oil 120+ (Palm 4 B/kg) 20 140+ Algae Oil 90 -100 (MBA Australia) 20 110-120

Just HSD, JP-1 Ready to Commercial Must handle other production i.e. Fuel Oil

47

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SLIDE 48

Contents

ir@bangchak.co.th Tel. 02 335 4580 www.bangchak.co.th click Investor Relations

Disclaimer : The information contained herein is being furnished on a confidential basis for discussion purposes only and only for the use

  • f the recipient, and may be subject to completion or amendment through the delivery of additional documentation. Except as otherwise

provided herein, this document does not constitute an offer to sell or purchase any security or engage in any transaction. The information contained herein has been obtained from sources that The Bangchak Petroleum Public Company Limited (“BCP”) considers to be reliable; however, BCP makes no representation as to, and accepts no responsibility or liability for, the accuracy or completeness of the information contained herein. Any projections, valuations and statistical analyses contained herein have been provided to assist the recipient in the evaluation of the matters described herein; such projections, valuations and analyses may be based on subjective assessments and assumptions and may utilize one among alternative methodologies that produce differing results; accordingly, such projections, valuations and statistical analyses are not to be viewed as facts and should not be relied upon as an accurate representation of future events. The recipient should make an independent evaluation and judgment with respect to the matters contained herein.

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SLIDE 49

Back Up

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SLIDE 50

Energy Efficiency Programs

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Energy consumption plan

Base 2009 (6.53%FOEB) 2010 Oper. Oper.

  • Invest. Oper.
  • Invest. Oper.

Invest. Accumulate Energy reduction, %FOEB 0.421 0.472 0.009 0.480 0.099 0.487 0.256 % reduction on base 2009 6.4 7.2 0.1 7.4 1.5 7.5 3.9 6.4 7.4 8.9 11.4 2012 (est.) 2011 (est.) 2013 (est.)

50

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SLIDE 51

Energy Efficiency Programs

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Energy consumption plan

Energy saving Benefit (%FOEB) (MB/yr) Operational Improvement 0.086 76.3

  • 1. Optimize amine regenerator reflux ratio (3C-2402)

0.001 1.1

  • 2. Optimize reformer excess air

0.057 40

  • 3. Maximize Naphtha temperature feed to HCU

0.003 0.1

  • 4. Optimize gasoline stabilizer reflux ratio (3C-201)

0.002 1.4

  • 5. Optimize gasoil to diesel ratio in Crude fractionator (3C-101)

0.007 3.7

  • 6. Minimize MP steam used at VDU furnace coil

0.004 3.0

  • 7. Shut down TG-4

0.012 27 Project name

51

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SLIDE 52

Energy Efficiency Programs

Global Oil Market Performance 2010 Oil Market Outlook Refinery Business Plan 2011

Energy consumption plan

Investment Energy saving Benefit IRR Payback period (MB) (%FOEB) (MB/yr) (%) (yrs) Investment Improvement 482.6 0.256 167.9

  • 1. Install bypass LVGO coolers line to hot feed DGO from VDU

2.0 0.010 7.9 280 0.4

  • 2. Install new line to use TPA to reboil deethaniser

3.5 0.007 5.6 115 0.9

  • 3. Install new line from 3P-108 to 3P-109 to utilize GO exchanger

1.5 0.007 7.3 340 0.3

  • 4. Install insert tube on 3E-119 to increase desalter temp

1.0 0.001 2.6 170 0.5

  • 5. Install new exchanger 2E-124B to increase feed temp to debutanizer*

6.6 0.005 2.5 27 3.4 6.Generate LPS from debutaniser bottoms in HCU* 26.4 0.018 9.0 24 3.7

  • 7. Install new exchanger for recovery heat to deethaniser & debutaniser in HCU***

38.4 0.005 11.0 19 4.3

  • 8. Replace MP steam to LP steam from VDU furnace stack*

25.2 0.014 7.0 18 4.5

  • 9. Install new heat exchanger to preheater HPU feed by LK from HCU*

43.2 0.022 10.5 15 5.0

  • 10. Install new back press turbine pump from IHP to LP and utilize LP steam*

80.4 0.045 30.5 27 3.4

  • 11. Install new HX to pre-heat Desalter water by CRU#3 reactor effluent *

74.4 0.032 22.0 20 4.2

  • 12. Install hot separator for DGOHDSU and preheat deaerator feed water*

180.0 0.090 52.0 19 4.3 Project name

52