Category: Ramon S. Ang

Petron now locally producing Full Range of Euro 4 Fuels

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Following the successful launch of its Euro 4 gasoline products in June, market leader Petron Corporation announced its diesel products, Turbo Diesel and DieselMax, now meet global Euro 4 fuel standards.

With this, Petron marks an industry first as the only oil company capable of locally producing a full range of premium fuels that meet the cleaner and more efficient Euro 4 global standard.

Petron’s four Euro 4 gasoline variants—Blaze 100 Euro 4 (RON 100), XCS (RON 95), Xtra Advance (RON 93), and Super Xtra (RON 91)—are available nationwide.

Euro 4 is a globally–accepted European emission standard for vehicles which require significantly low amount of sulfur (0.005% or 50 parts per million) and benzene (maximum of 1% by volume).

“We are proud that all of Petron’s Euro 4 fuels are made in the Philippines and are specially formulated to meet the unique needs of our customers. We can guarantee the quality and properties of our fuels since we produce them here, formulate them here, and test them here,” Petron President and CEO Ramon S. Ang said.

All Petron Euro 4 fuels boast of better engine protection, better mileage, and better power over other Euro 2 fuels. Petron fuels are locally produced at its refinery in Bataan and formulated for Philippine driving conditions. Petron also operates a fuel additives blending plant in Subic Bay in partnership with Innospec, a leading global fuel specialties company. The plant supplies tailor-fit additives for Petron’s six fuel variants—the most extensive in the local oil industry.

Petron invested USD 2-billion to further upgrade its Bataan Refinery and make it at par with the most advanced refineries in the region. Dubbed the Refinery Master Plan-2 (RMP-2), Petron can now produce more higher-value products such as gasoline and petrochemicals while eliminating negative margin fuel oil.

Petron now locally producing Full Range of Euro 4 Fuels

PRNEWS Admin Leave a comment

Following the successful launch of its Euro 4 gasoline products in June, market leader Petron Corporation announced its diesel products, Turbo Diesel and DieselMax, now meet global Euro 4 fuel standards.

With this, Petron marks an industry first as the only oil company capable of locally producing a full range of premium fuels that meet the cleaner and more efficient Euro 4 global standard.

Petron’s four Euro 4 gasoline variants—Blaze 100 Euro 4 (RON 100), XCS (RON 95), Xtra Advance (RON 93), and Super Xtra (RON 91)—are available nationwide.

Euro 4 is a globally–accepted European emission standard for vehicles which require significantly low amount of sulfur (0.005% or 50 parts per million) and benzene (maximum of 1% by volume).

“We are proud that all of Petron’s Euro 4 fuels are made in the Philippines and are specially formulated to meet the unique needs of our customers. We can guarantee the quality and properties of our fuels since we produce them here, formulate them here, and test them here,” Petron President and CEO Ramon S. Ang said.

All Petron Euro 4 fuels boast of better engine protection, better mileage, and better power over other Euro 2 fuels. Petron fuels are locally produced at its refinery in Bataan and formulated for Philippine driving conditions. Petron also operates a fuel additives blending plant in Subic Bay in partnership with Innospec, a leading global fuel specialties company. The plant supplies tailor-fit additives for Petron’s six fuel variants—the most extensive in the local oil industry.

Petron invested USD 2-billion to further upgrade its Bataan Refinery and make it at par with the most advanced refineries in the region. Dubbed the Refinery Master Plan-2 (RMP-2), Petron can now produce more higher-value products such as gasoline and petrochemicals while eliminating negative margin fuel oil.

Petron now locally producing Full Range of Euro 4 Fuels

PRNEWS Admin Leave a comment

Following the successful launch of its Euro 4 gasoline products in June, market leader Petron Corporation announced its diesel products, Turbo Diesel and DieselMax, now meet global Euro 4 fuel standards.

With this, Petron marks an industry first as the only oil company capable of locally producing a full range of premium fuels that meet the cleaner and more efficient Euro 4 global standard.

Petron’s four Euro 4 gasoline variants—Blaze 100 Euro 4 (RON 100), XCS (RON 95), Xtra Advance (RON 93), and Super Xtra (RON 91)—are available nationwide.

Euro 4 is a globally–accepted European emission standard for vehicles which require significantly low amount of sulfur (0.005% or 50 parts per million) and benzene (maximum of 1% by volume).

“We are proud that all of Petron’s Euro 4 fuels are made in the Philippines and are specially formulated to meet the unique needs of our customers. We can guarantee the quality and properties of our fuels since we produce them here, formulate them here, and test them here,” Petron President and CEO Ramon S. Ang said.

All Petron Euro 4 fuels boast of better engine protection, better mileage, and better power over other Euro 2 fuels. Petron fuels are locally produced at its refinery in Bataan and formulated for Philippine driving conditions. Petron also operates a fuel additives blending plant in Subic Bay in partnership with Innospec, a leading global fuel specialties company. The plant supplies tailor-fit additives for Petron’s six fuel variants—the most extensive in the local oil industry.

Petron invested USD 2-billion to further upgrade its Bataan Refinery and make it at par with the most advanced refineries in the region. Dubbed the Refinery Master Plan-2 (RMP-2), Petron can now produce more higher-value products such as gasoline and petrochemicals while eliminating negative margin fuel oil.

Petron takes industry lead with production of Euro-4 Gasolines

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Market leader Petron Corporation achieved an industry first as it announced today all gasoline variants produced at its Bataan refinery are now Euro-4 compliant. The Euro-4 gasoline products are now available in Petron service stations in Mega Manila and will soon be available nationwide, meeting the government’s mandate ahead of schedule.

Petron, which pioneered the first locally-produced Euro-4 premium plus gasoline in the Philippines, Blaze 100 Euro-4, is also the first company to locally produce a full line-up of gasoline variants that meet Euro-4 standards. This is six months ahead of the government mandate to make available Euro-4 fuels by January 2016.

Petron has four gasoline variants – the most extensive in the industry – namely Blaze 100 Euro 4 (RON 100), XCS (RON 95), Xtra Advance (RON 93), and Super Xtra (RON 91). All Petron Euro-4 gasolines, with world-class additives, ensure engine cleanliness and efficient combustion for optimum engine performance and improved fuel economy.

Euro-4 is a globally-accepted European emission standard for vehicles, which require fuel with significantly low amounts of sulfur (0.005% or 50 parts per million) and benzene (maximum of 1% by volume). Reduced sulfur and benzene content in gasoline makes fuels more environment-friendly, as vehicles release less harmful emissions.

The Company added that Blaze 100 Euro 4 even exceed Euro-4 global standards. Introduced in July 2013, two-and-a-half years ahead of the mandate, this premium gasoline has a sulfur content of less than 35 parts per million and 1% benzene content, superior than the Euro-4 standard.

“The local production of various gasoline grades under this global fuel standard is another milestone in the oil industry. These products are proudly Philippine-made,” Petron President and Chief Executive Officer Ramon S. Ang said. “As the pacesetter in the industry, we hope that this encourages other players to follow suit.”

“More importantly, our launch of a complete line-up of Euro 4 gasoline products affirms our commitment to introduce fuels relevant to consumers while reducing our environmental footprint,” Mr. Ang added.

Petron’s early compliance was made possible by its massive US$2-billion upgrade at its Bataan refinery which increases its local production of gasoline, diesel, and petrochemicals and also allows the production of Euro-4 fuels.

The Company said it will start the domestic production of Euro-4 compliant diesel products soon.

Petron posts better-than-expected income in 2014, sales volumes surge 6%

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Amid the collapse of crude and finished product prices in the 2nd half of 2014, the Philippines’ leading oil company Petron Corporation posted a better-than-expected consolidated income of P3 billion for the year, lower than the previous year’s P5.1 billion. This would have been much higher if not for the net inventory loss of P6.5 billion.

The Company said that the 9% increase in Philippine sales volumes, the completion of strategic projects, and pro-active risk-management cushioned the impact of higher priced inventory being sold at lower prices in the 2nd half of the year. The price of benchmark Dubai crude fell by 44% from an average of US$108/barrel in June to an average of only US$60/barrel in December. This extraordinary development had a negative effect on oil companies around the world. The same situation happened in 2008 when global oil prices collapsed resulting in a P3.9 billion loss for Petron.

Petron said that combined sales from both its Philippine and Malaysian operations increased by 6% to 86.5 million barrels in 2014 versus 81.7 million barrels the previous year. As a result, sales revenues grew by 4% to P482.5 billion in 2014 from P463.6 billion in 2013. In its home market, sales volumes surged to 51.5 million barrels as Petron made headway in major market segments namely Retail, LPG, and Lubricants. Backed by the most extensive network in the country with 2,200 stations, retail volumes surged by 6% – the highest growth in the past 5 years. LPG volumes likewise grew by 5% supported by higher retail and industrial sales.

“Despite a difficult environment, we rose to the challenge and delivered strong results. We focused on completing major projects to unleash the full potential of our strategic assets and further cement our leadership in the industry,” Petron President and CEO Ramon S. Ang said.

Petron is commissioning its US$2-billion Refinery Master Plan Phase 2 (RMP-2) at its 180,000 barrel-per-day Bataan refinery. RMP-2 is expected to change the rules of the domestic oil industry. Petron will be the only company that can locally produce Euro-4 compliant fuels and provide extra volumes to other oil players. It also gives Petron a competitive edge since it raises the bar in fuels technology and quality. This project will help improve the supply security of the country at a time the Philippines is experiencing unprecedented economic growth.

Barely three years since entering the highly-competitive Malaysian market, nearly 550 stations now carry Petron’s distinct red and blue colors, have upgraded facilities, and more importantly, offer premium fuels and innovative services. The Company completed 10 new service stations in 2014 and about 20 more sites are in various stages of construction and commissioning.

“The completion of our rebranding and upgrading program is a significant milestone since it lays the foundation for our further expansion in the Malaysian market. We are pleased to note that we are gaining the trust and confidence of consumers there,” Mr. Ang added.