PRefchem LRCCU up supporting Sing 0.5% cracks further
- This dovetails with a cancelled 0.5% fuel oil tender issued by Petco on Monday that was originally for 6-7 Aug loading.
- The typical LSFO sulphur quality for exports from PRefchem (also known as RAPID) is 1.0 – 1.5%.
- RAPID is a 300kbd kit configured CDU → ARDS → RFCC, so the ARDS can keep producing ~0.5%S blendstock even while the cracker is down.
- The likely scenario is that the ARDS was running together with the CDU at a lower crude throughput and was awaiting restart of the LRCCUs.
- Given the very strong mogas margins, the CCUs returning earlier than planned allowed for the LSFO tenders to be cancelled to capitalise on the strong mogas margins instead.
- This phenomena to maximise feedstocks over VLSFO production is discussed in depth in this week’s FO deep dive “Resid conversion is carrying the low sulphur complex”.
About the Author
June is a senior oil market analyst at Sparta specialising in global crude trade flows and refining economics across Asia and Europe. Her analysis is regularly cited by Bloomberg, the Financial Times, and Reuters. With a significant following in the energy community on X (@JuneGoh_Sparta), June’s insights are a staple for institutional traders navigating regional market shifts.
Connect: LinkedIn / X
About Sparta
Founded in 2020, Sparta made waves in the commodity analytics space in March 2022 when it secured a $6m series A investment from Singular. This success then later snowballed into a further $17.5 million in a series A funding round led by the technology venture capital firm FirstMark, with participation from existing shareholder, Singular.
The platform, created by former traders Miles Moseley and Felipe Elink Schuurman, is designed to answer a common problem shared by most traders: 90% of pricing data required to make trading decisions is kept in silos and shared manually by voice, email, or chat.
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