Scheduled to be in full commercial operations by early 2015, the RMP-2 enables Petron’s 180,000 barrels-per-day Bataan refinery to run at full capacity, converting current negative margin fuel oil into higher value fuels including as gasoline, diesel, and petrochemicals.

Petron Chairman and CEO Ramon Ang said that the project provides flexibility to refine crude oil from various sources while strengthening supply security for the company.

"RMP-2 underscores our commitment to nation-building. Once completed, Petron will be able to supply more premium fuels at a time when the Philippines is experiencing unprecedented economic growth," Ang added.

RMP-2 has been developed to transform the Petron Bataan Refinery (PBR) into one of the most advanced facilities in the region in terms of processing and energy efficiency, operational availability, and complexity.

In order to further integrate extensive supply chain, the company is planning to implement a Logistics Master Plan (LMP) to serve customers’ fuel needs in the fastest, safest, and most cost-effective means.

This project comprises upgrade of existing facilities as well as construction of new storage tanks in strategic locations, modernization of trucks, among others.