PETRON Corp., the country’s largest oil refining and marketing company, on Monday announced that its diesel products now meet global Euro 4 fuel standards.
Euro 4 is a globally-accepted European emission standard for vehicles which require significantly low amount of sulfur (0.005 percent or 50 parts per million and benzene (maximum of 1 percent by volume).
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.
The oil firm in June successfully launched its Euro 4 petroleum products. 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.
All of Petron’s Euro 4 fuels are locally produced and are specially formulated to meet the unique needs of its customers.
“We can guarantee the quality and properties of our fuels since we produce them here, formulate them here, and test them here,” Petron said in a statement.
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.
It 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 $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.
The RMP-2 transforms Petron’s refinery into one of the most advanced facilities in the region in terms of processing, energy efficiency, operational availability and complexity.
RMP-2, considered as Petron’s mega-project, has been in full commercial operation by early this year and is expected to boost Petron’s revenues and margins.