Hyundai Oilbank completes work on SDA process
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Hyundai Oilbank completes work on SDA process

2018/08/12 15:29

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SEOUL, Aug. 12 (Yonhap) -- South Korean oil refiner Hyundai Oilbank Co. said Sunday that it has completed work on a solvent deasphalting (SDA) facility that can help it increase production of high value added petroleum products.

The company said it injected some 240 billion won (US$212.4 million) into the construction since last year. This project is part of a larger 800 billion-won facility expansion effort being undertaken by the company.

SDA is a separation process in which residues are selectively separated with the use of paraffin solvents. This produces low-contaminant deasphalted oil products (DAO) that holds the majority of residue contaminants.

With the upgrade, the Hyundai Oilbank's SDA capacity stands at 80,000 barrels per day with the DAO extracted from petroleum residue permitting the increase output of gasoline, diesel and jet fuel that was not possible in the past.

The refiners said that it is also in the process of expanding high-tech processing facilities that can push up its overall output to 650,000 barrels each day from 560,000 barrels before the changes.

With its facility updates, Hyundai Oilbank's daily advanced refining capacity will be expanded to 211,000 barrels. This will make the company the first refiner in the country to achieve a 40 percent advanced processing rate in the production of petroleum products from crude oil.

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