KBC completed technical and financial analysis to identify the constraints in the existing infrastructure operating as an import terminal and then evaluated possible options to resolve those constraints.
The scope envelope covered product movement, tankage requirement, utilisation and demurrage throughout harbour, berths, products pipelines, harbour storage terminals, intersite transfer lines, refinery storage, rail loading and truck loading facilities
Stochastic modelling was used to assess the flexibility and constraint of the existing assets for conversion of the refining operation to an import terminal.
Evaluation of the required investment, capital expenditures, financial model of the refining vs. terminal business cases was stress tested against agreed likely future scenarios.
Based on KBC recommendations, the client’s board approved the budget for next phase of the conversion project. The recommended investments are mainly required at the harbour terminal facilities with new tankage and access to a new berth to meet the ship forecast schedule.