Latest news with #EuroV
The Sun
3 days ago
- Automotive
- The Sun
DRB-HICOM Auto Solutions strengthens logistics capabilities with MAN TGS Prime Movers
DRB-HICOM Auto Solutions Sdn Bhd (DHAS), a subsidiary of DRB-HICOM Berhad and a key player in Malaysia's automotive logistics sector, has expanded its operational capacity with the addition of seven MAN TGS 18.360 4×2 prime movers. These new units will serve as the foundation of DHAS's in-house fleet of car carriers, marking a strategic shift from its prior reliance on third-party transport providers and a small group of leased Japanese prime movers. Founded in 2006, DHAS has grown in tandem with the country's rapidly evolving automotive landscape, particularly in response to the increasing production and importation of electric vehicles (EVs). The company now supports logistics operations for over 20 automotive brands in Malaysia, positioning itself as a preferred logistics provider within the industry. As demand rises, DHAS is scaling its operations to enhance reliability and maintain long-term business sustainability. Chief Executive Officer Fawzi Ahmad stated that the decision to adopt the Euro V-compliant MAN TGS trucks followed a comprehensive assessment across several key metrics. He explained that the model was chosen based on its strong performance in areas such as safety, vehicle specification, operational efficiency, pricing, aftersales support, and environmental considerations. He also highlighted the truck's user-friendly integrated telematics system, which supports efficient fleet management, and added that drivers have responded positively to the vehicle's modern design and spacious, comfortable cabin. Fawzi credited MAN Malaysia for ensuring the timely delivery of the trucks, noting the team's professional coordination with its appointed car carrier fabricator and relevant authorities. The successful rollout underlines DHAS's readiness to support increased transportation needs, particularly in a market where EV logistics are becoming more prominent. Andrew O'Brooks, Managing Director of MAN Truck & Bus (M) Sdn Bhd, expressed satisfaction with the partnership, saying the rapid deployment of the trucks exemplifies MAN's commitment to simplifying logistics operations for its clients. He noted that MAN's Euro V trucks were the first of their kind to be offered as standard in Malaysia and that the company has accumulated considerable real-world operational experience with these models since 2021. Their performance, he added, is proven in fuel efficiency, emissions reduction, and low total cost of ownership. Looking ahead, DHAS is exploring the potential integration of electric heavy-duty vehicles into its fleet. The company has shown particular interest in the MAN eTGX, which boasts a range of up to 800km, as part of its long-term strategy to embrace electrification and reduce operating costs. This latest fleet expansion signals DHAS's commitment to sustainable growth and enhanced service delivery, further solidifying its role in Malaysia's automotive logistics ecosystem.
Business Recorder
02-06-2025
- Business
- Business Recorder
Pakistan Refinery receives EPCF bids for major expansion
Pakistan Refinery Limited (PRL) has received formal bids from companies interested in handling the Engineering, Procurement, Construction, and Finance (EPCF) work for PRL's Refinery Expansion and Upgrade Project (REUP). The refinery, a key player in Pakistan's energy sector, disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. 'PRL has received Engineering, Procurement, Construction & Finance (EPCF) bids for its Refinery Expansion & Upgrade Project (REUP). PRL is in the process of evaluating these EPCF bids and will provide further updates in due course as necessary,' read the notice. PRL is a hydro-skimming refinery based in Karachi, Pakistan. Established in 1960, PRL processes imported and local crude oil into products such as furnace oil, diesel, kerosene, jet fuel, and gasoline, with a daily capacity of 50,000 barrels. The refinery operates at two locations: the main facility at Korangi Creek and crude oil berthing and storage at Keamari. With a cost of around $1.7 billion, PRL is spearheading transformative Refinery Expansion & Upgrade Project (REUP), aimed at doubling the crude processing capacity from the existing 50,000 to 100,000 barrels per day, with zero production of high sulphur furnace oil (HSFO) in five years after the project achieves its financial close. The project is designed to achieve zero furnace oil production, redirecting efforts towards maximising the production of highly profitable products, such as petrol and diesel, to Euro V standards. Earlier in February, the PRL board approved a Rs3.15 billion loan from its parent company, Pakistan State Oil Limited (PSO), to finance the company's Front-End Engineering Design (FEED) of the REUP.
Express Tribune
06-05-2025
- Business
- Express Tribune
Policy delays threaten $5b refinery investments
Listen to article Foreign investors are reluctant to invest in refining sectors, as the government has failed to resolve multiple issues faced by refineries. Delays in the implementation of the Brownfield Refineries Policy 2023 have affected timelines, and sales tax exemptions are another issue that has impacted the refineries' projects of upgradation. Sources told Express Tribune that foreign investors have conveyed to refineries that they are not prepared to invest in the upgradation of projects unless the government resolves their issues. Quoting an example of Pakistan Refinery Limited (PRL), sources said that the refinery had floated a tender to attract a contractor and financing for their upgradation. The deadline for the tender was in December, but Chinese investors had refused to participate in the bid saying that they could not participate unless the government addressed the issues faced by refineries. During the first tender, not a single investor had participated in a bid. PRL then floated a tender for the second time, with the last date to submit bids May 30th. However, industry officials have said that they are not hopeful that any investor will participate. Local refineries are said to be strategic national assets, playing a vital role in Pakistan's energy security and economic development. Refineries in Pakistan produce diesel in accordance with specifications notified by the Ministry of Energy (Petroleum Division). Importing a single cargo of HSD costs approximately $45 million in foreign exchangean unnecessary burden when adequate local supplies are available. Sources said that the country's refineries' upgradation projects would help double the diesel production in the country. Over the years, refineries have been investing in the upgradations, including capacity expansions and the installation of Isomerisation and Diesel Hydro Desulfurization (DHDS) units, enabling them to improve fuel specifications. Currently, Pakistan's refineries produce HSD with sulphur content ranging from Euro I to Euro V. One refinery already produces Euro V-compliant diesel, two supply Euro III, and the remaining produce diesel with sulphur content of around 5,000 ppmfar lower than the inaccurately reported figure of 10,000 ppm. Notably, even the refinery producing Euro V diesel faces challenges with product uptake due to inconsistent off-take by certain companies, resulting in operational difficulties. Delays in the Brownfield Refineries Policy 2023 implementation have affected timelines and are already in the knowledge of authorities. After the successful upgradation of the refineries, all local refineries will be supplying Euro V fuels. It is important to note that a significant portion of Pakistan's transport and agricultural sectors does not require Euro V diesel, making locally produced grades both suitable and efficient for market needs. Smuggled and substandard fuel entering the market is also a significant threat to product quality and market stability. Continued reliance on local refineries enhances energy resilience, curbs foreign exchange losses, and ensures a stable fuel supply for the country. The multibillion-dollar plant upgrade projects by Pakistan's refineries are at stake as the government has yet to resolve the issue of sales tax exemption on supplies of petroleum products.
