Petron Corporation

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Petron Corporation is the largest oil refining and marketing company in the Philippines, supplying more than a third of the country's oil requirements. The company operates a refinery in Limay, Bataan, with a capacity of 180,000 barrels per day. Petron's products include gasoline, diesel, kerosene, jet fuel, liquefied petroleum gas (LPG), industrial fuel oil, solvents, asphalt, and petrochemicals.

History

Petron Corporation was established in 1933 as Standard Vacuum Oil Company (Stanvac), a joint venture between Standard Oil of New Jersey and Socony-Vacuum Oil Company. In 1953, the company was renamed Esso Philippines, Inc. In 1973, the Philippine National Oil Company (PNOC) acquired Esso's assets and operations in the Philippines, and the company was renamed Petrophil Corporation. In 1988, Petrophil Corporation was renamed Petron Corporation.

Operations

Petron operates a refinery in Limay, Bataan, which processes crude oil into a full range of petroleum products. The refinery is equipped with state-of-the-art facilities, including a crude distillation unit, a catalytic cracking unit, and a hydrotreater. Petron also operates a network of terminals and depots across the Philippines, ensuring a steady supply of products to its customers.

Products and Services

Petron offers a wide range of petroleum products, including:

• Gasoline - Petron Blaze 100, Petron XCS, Petron Xtra Advance
• Diesel - Petron Turbo Diesel, Petron Diesel Max
• Kerosene
• Jet fuel
• Liquefied petroleum gas (LPG) - Petron Gasul
• Industrial fuel oil
• Solvents
• Asphalt
• Petrochemicals

Petron also provides various services, such as lubricants and greases, automotive and industrial services, and technical support.

Corporate Social Responsibility

Petron is committed to corporate social responsibility (CSR) and has implemented various programs to support education, environmental protection, and community development. The Petron Foundation, the company's CSR arm, focuses on initiatives such as the Tulong Aral ng Petron, which provides educational assistance to underprivileged children, and the Petron Green Energy Initiative, which promotes the use of renewable energy sources.

See also

• Philippine National Oil Company
• Energy in the Philippines
• Oil refining
• Petroleum industry