BP 2013 Annual Report Download - page 247

• We continued to reshape our US fuels business by completing the
sales of the Texas City and Carson, California refineries, as well as
related logistics and marketing assets.
• Our Decatur petrochemicals paraxylene/PTA plant will be the principal
supplier for a new adjacent 432,000 ton PET resin facility of Indorama
Polymers Group, announced in August 2013.
Europe
• We announced two new proprietary petrochemicals technologies,
SaaBre and Hummingbird. Both technologies are expected to deliver
significant reductions in variable manufacturing costs and simplify the
global manufacturing process.
–SaaBre significantly reduces the cost of production of acetic acid
from syngas and avoids the need to purify carbon monoxide or
purchase methanol. SaaBre technology could also be used to
produce methanol and ethanol.
– Hummingbird simplifies the process of converting ethanol to
ethylene, a key component for the manufacture of plastics.
Hummingbird could open the way for the production of
biopolymers from bioethanol.
• We have completed the sale of six out of eight countries of our global
LPG marketing business, which sells bulk and bottled LPG products
(UK, Benelux, Austria, Poland, Turkey and South Africa). Sales of the
remaining businesses in Portugal and China are expected to be
completed in 2014.
• Our lubricants business announced a co-operation agreement with
Honda Motor Europe to be the recommended lubricants supplier for
Honda’s European franchise car dealer network.
Africa
• We announced our intention to invest more than $500 million in
southern Africa over the next five years. Around half of this
investment will be used to upgrade refinery infrastructure at SAPREF,
BP’s joint operation with Shell located in Durban. In addition, BP will
invest in Pick n PayTM retail network in South Africa and in building
and upgrading our fuel terminals to a world-class standard in
Mozambique and South Africa.
Asia
• Construction of our third PTA plant at Zhuhai in Guangdong province
of China progressed, with completion expected in late 2014.
• In December 2013 we agreed to purchase all interests held by our
partners, Mitsui Chemicals, Inc. and Mitsui & Co. Ltd. in PT Amoco
Mitsui PTA Indonesia which produces and markets PTA in the Republic
of Indonesia. This transaction completed on 28 February 2014 and is
consistent with our strategy of growing our PTA business in our chosen
markets.
• We launched the gasoline additive, Ultimate, in China. The aim is to
create new market opportunities to capture more of the passenger
car market in China.
Downstream plant capacity
The following table summarizes the BP group’s interests in refineries and average daily crude distillation capacities as at 31 December 2013.
thousand barrels per day
Crude distillation capacitiesa
Geographical area Refinery Fuels value chain
Group interestb
% Total
BP
share
US
Washington Cherry Point US North West 100.0 234 234
Indiana Whiting US East of Rockies 100.0 428 428
Ohio Toledo US East of Rockies 50.0 160 80
822 742
Europe
Germany BayernoilcRhine 22.5 217 49
Gelsenkirchen Rhine 50.0 265 132
KarlsruhecRhine 12.0 322 39
Lingen Rhine 100.0 95 95
SchwedtcRhine 18.8 239 45
Netherlands Rotterdam Rhine 100.0 377 377
Spain Castellón Iberia 100.0 110 110
1,625 847
Rest of world
Australia Bulwer Australia New Zealand 100.0 102 102
Kwinana Australia New Zealand 100.0 146 146
New Zealand WhangareicAustralia New Zealand 23.7 118 28
South Africa DurbancSouthern Africa 50.0 180 90
546 366
Total BP share of capacity at 31 December 2013 1,955
aCrude distillation capacity is gross rated capacity, which is defined as the highest average sustained unit rate for a consecutive 30-day period.
bBP share of equity, which is not necessarily the same as BP share of processing entitlements.
cIndicates refineries not operated by BP.
Additional disclosures
BP Annual Report and Form 20-F 2013 243