State-owned Sylhet Gas Field Limited (SGFL) is setting up a Catalytic Reforming Unit with a capacity of 3,000 barrels per day in Rashidpur of Habiganj.
Besides, 4,000 barrel/day capacity condensate fractionation plant has started production test run recently.
When the two plants go into commercial operation, the country’s total demand for octane and petrol will be fully met, thus earning foreign currencies, said official sources.
Catalytic Reforming Unit project director, engineer Mohammad Shoyeb, told Bangladesh Post, once completed, the plant will produce 1, 39,000 metric tons (MT) of Octane and 9,125 MT of liquefied petroleum gas (LPG) yearly.
“Foundation work has been completed, and infrastructure construction work, almost done. Most of the imported materials have arrived. The remaining materials will reach in a short time. Hopefully, the project will be completed by June 2019,” he added.
He also said, the project would help Bangladesh ensure energy security in the area of octane production and the need to import octane would go. It would also help the country address the misuse of condensate.
The plant facilities would convert petrol into octane. The total project cost is about Tk 497.98 crore, and is being financed from the SGFL’s own source.
Sources said, initiatives have been taken to convert the condensate of Rashidpur gas field into petrol, and establish a catalytic refining unit to turn it into octane.
Some 4,000 barrel/day capacity condensate fractionation plant is now in a test run, and fed by the Chevron-run Bibiyana gas field. Some 1,85,000 MT petrol, diesel and kerosene will be produced yearly.
Condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas. It is later refined into petrol and octane. At present yearly demand of octane is 1,20,00 MT in the country, and is increasing day by day.
State-owned Sylhet Gas Field Limited (SGFL) and a consortium of Indonesia-based PT ISTANA KARANG LAUT and local company Energypac Power Generation Limited, signed an agreement last year for setting up of a 3,000-barrel-per-day capacity Catalytic Reforming Unit (CRU).