Engen Converting South Africa’s Oldest Refinery to Terminal
The virus-induced need depression has actually struck refiners’ financial resources hard. There are likewise worries that gas and diesel usage might never ever go back to previous highs as climate-change policies trigger a shift far from conventional fuels.
The Engen refinery’s logistics have actually been made complex since U.S. sanctions on Iran cut unrefined products. Created to operate on oil from the Persian Gulf country, the plant was required to utilize a mix of other unrefined grades. Importing fuels rather makes more sense considering that it takes about half the time, Hassan stated. The conversion will likewise decrease South Africa’s general emissions.
The refinery, situated within a suburb, has actually likewise drawn opposition due to health and ecological issues over contamination.
The volume of fuels imported into the transformed Durban system will depend upon the growth of Engen’s retail company, Hassan stated. The business runs more than 1,000 filling station in South Africa and about 230 more in sub-Saharan Africa.
South Africa was anticipated to execute low-sulfur Tidy Fuels II guidelines in 2017, however has actually stopped working to do so. “The marketplace is going to require the market to move” to higher-specification items and the terminal will be well-placed for that modification, Hassan stated.
( Updates with talk about South Africa’s emissions in seventh paragraph.)
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