Development plans at the Isfahan Oil Refining Company in central Isfahan Province are making headway to help the firm boost the production of crude oil derivatives compliant with Euro-5 emission standards.
The project entails the construction of a diesel treatment unit and the installation of utility and offsite units, in addition to the completion of fuel storage tanks with a capacity of 100,000 liters of diesel per day, the Oil Ministry’s news portal reported.
Costing $600 million so far, the venture is expected to go on stream in November.
Referring to other ongoing initiatives, the report said the scheme to reduce sulfur content in vacuum distillation residue –_the end product of crude oil distillation, including high molecular weight PAH, asphaltenic components and waxes – has also registered 40% progress and is expected to become operational in three years at an estimated cost of $1 billion.
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