Pakistan Refinery Limited (PRL) has started a refinery expansion and upgrade project (REUP) costing $1.7 billion, Pakistani media reported on Saturday.
The PRL aims to double processing capacity to 100,000 barrels per day and boost production of goods with high profit margins as well as low-sulfur fuel including Euro-II and Euro-V petrol and diesel, it added.
The state-owned company seeks to get an edge with the installation of a deep-conversion refinery, which is relatively new technology, along with the existing hydro-skimming refinery, the report said. It added that the development will help PRL become a pioneer in producing propylene chemicals in the country for polypropylene plastics.
PRL Chairman Tariq Kirmani claimed the refinery’s products would substitute imports, reduce dependence on imported fuel and chemical products, as well as save foreign exchange.