Project Synopsis
Provide an independent 3rd party due diligence evaluation and plant site visit of a petroleum refinery in Asia.
Project Summary
PETROLEUM REFINERY DUE DILIGENCE REVIEW
Process Engineering Associates, LLC (PROCESS) was subcontracted by the client, an international process engineering firm, to provide a due diligence review of an operating refinery in the Asian Pacific Rim. The ultimate client is an international capital investment firm that was considering purchasing the refinery. As a part of this project, the following tasks were accomplished:
- On-site technical review of refinery operations
- Spot checking of refinery documentation
- Preliminary process simulation of Crude Tower capacity
- Identification of general concerns
- Report generation and project summary.
A Chief Process Engineer from PROCESS reviewed the process design documents (done by others) including the Process Flow Diagrams (PFDs), Piping and Instrumentation Diagrams (P&IDs) and miscellaneous equipment design information. A trip to the operating facility was performed and multiple site personnel were interviewed, current operations were reviewed, and refinery units were inspected from a process engineering point of view. All units in the refinery were checked including the following:
- Crude Distillation Unit
- Delayed Coker
- Bitumen Plant
- Solvent Distillation System
- Electricity Generation Turbines
- LPG Storage
- Nitrogen Unit
- Utilities
- Unloading Jetties
- Tankage.
PROCESS developed a report for the client summarizing general perceptions of the refinery and potential future modifications that could result in higher throughput and/or profitability.
Industry Type
- Petroleum Refining
Utilized Skills
- Industrial process plant inspection
- Due diligence support