More upgrades for SRC refinery possible: Chevron
Scrutiny over feedstock flexibility will be carried out across all of the oil company's manufacturing assets globally
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THE Singapore Refining Company's (SRC) refinery could be getting more upgrades to remain competitive, amid an overcapacity in the refining sector in Asia that is set to persist.
"Today SRC doesn't have a significant amount of feedstock flexibility. So we would like to first expand our feedstock flexibility in a cost-effective manner," Chevron's president of International Products Mark Nelson told The Business Times, when asked on future plans for the 290,000 barrels-a-day refinery. "The second would be energy costs. SRC can reduce its energy costs over time."
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