Petrojam highlights sector challenges at Caribbean Energy Conference
PETROJAM LIMITED has called for expanded refinery operations and fuel markets in the Latin American and Caribbean region. This was highlighted in a presentation made at the Platts S & P Global Caribbean Energy Conference in Panama City, January 29-31.
The Petrojam team was led by General Manager Telroy Morgan, whose presentation, ‘Refining Expansion and Fuel Markets in LAC’, also underscored the company’s commitment to innovation and sustainability in an evolving energy sector. Morgan said ageing infrastructure, limited storage and transportation capacity, environmental concerns, and import dependence are some of the pressing challenges in the Caribbean refining sector. He noted further that refining expansion would play a key role in meeting growing energy demand, enhancing security, creating jobs, and promoting economic growth.
“Petrojam is actively pursuing an expansion of its export portfolio, with a specific focus on heavy fuel oil (HFO), very low sulphur fuel oil (VLSFO), low sulphur diesel oil (LSDO), and asphalt. These insights reinforce Petrojam’s role as a critical player in the Caribbean energy landscape and its proactive approach to sustainable growth and development,” he said, indicating the company’s readiness to meet the growing demand for diverse fuel products in the region. To date, Petrojam has exported petroleum products totalling over US$300 million.
ECO-FRIENDLY ENERGY SOLUTIONS
Morgan also emphasised the company’s dedication to environmental, social and governance (ESG) and corporate social responsibility (CSR) principles, saying that this was demonstrative of the company’s comprehensive approach to sustainable and responsible practices in the energy industry.
“We are fully committed to advancing eco-friendly energy solutions and are appreciative of any insights into potential opportunities for sustainability, including hydrogen production, sustainable aviation fuel, and transition fuels, he stated.
“In the medium to long term, we plan to introduce advanced fuel treatment technologies and implement initiatives aimed at improving efficiency and reducing our carbon footprint ....”
Morgan also highlighted the company’s initiatives to enhance operational efficiency while minimising environmental impact. Referencing Petrojam’s strategic location and operational expertise, he said that the company aims to capitalise on these for growth and market penetration.
“Petrojam is unwavering in its commitment to driving positive change in the energy landscape. Our focus on sustainability, innovation, and regional collaboration positions us for a resilient future. We believe in adopting advanced technologies, diversifying our fuel offerings, and investing in our people to create a lasting impact,” he concluded. The event, themed ‘Caribbean Energy: Transforming Energy through Investment’, provided a platform for industry leaders to discuss critical i ssues and strategies shaping the future of energy in the region.