Minister of Science, Energy and Technology Daryl Vaz says that, in order to safeguard Petrojam’s future viability, and enable it to respond to the changing paradigm of the diversified fuel market, the National Energy Policy has mandated the modernisation of the refinery.

“To ensure that it functions as the least cost option for petroleum supplies … thereby increasing the output of higher value refined petroleum products … replacing imports; and compensating for the switch from oil-fired power plants,” Vaz noted in the Annual Report of the Petrojam Limited for the fiscal year 2020/2021.

 

According to the minister, a modernised refinery would also be able to produce cleaner fuels which would contribute to Jamaica achieving its National Determined Contribution (NDC) on emission reductions.

 

“In addition, it would play a strategic role in the Government’s move towards the implementation of its electric vehicle policy, as the newer internal combustion engines require more environmentally friendly fuels,” the minister stated.

https://www.jamaicaobserver.com/auto/petrojam-fuels-debate-vaz-mahfood-poles-apart-on-gov-t-refinery_248173