In late 2010, Grupa LOTOS SA completed construction of a major residue-upgrading project at its refinery in Gdańsk, Poland. Its 10+ Program was designed to unlock a step change in the facility’s long-term profitability. After two years of operating, this project has had a profound effect on the refinery’s economics.
In late 2010, Grupa LOTOS SA completed construction of a major residue-upgrading project at its refinery in Gdańsk, Poland. Its 10+ Program was designed to unlock a step change in the facility’s long-term profitability. After two years of operating, this project has had a profound effect on the refinery’s economics. Following the project, the refinery increased its crude capacity by 75% to 10 million tpy, achieved higher conversion capacity, and improved margins by $5/bbl. In addition, Grupa LOTOS was able to increase production of higher-margin jet fuel and diesel, while reducing fuel oil production (Fig. 1). Result: The refiner moved closer to its goal of securing the comp
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