TAIF awards engineering deal to Toyo for Russian refinery modernization
The modernization project at Nizhnekamsk will be completed in 2016. The upgraded complex will convert the following oil refinery heavy residues: 2,700,000 tpy of vacuum residue and 1 million tpy of vacuum gas oil with a high ratio of conversion to more high-quality oil products.
Toyo Engineering was awarded a contract from
Russia's TAIF-NK to provide services for detailed
engineering and procurement on the oil refinery modernization project in
Nizhnekamsk, the company said on Wednesday.
The current project utilizes the VCC (veba combi cracker)
process of US-based KBR to be implemented at the heavy residue
conversion complex (HRCC) for the first time in the world.
The project is scheduled to be completed
in 2016. The upgraded complex will convert the following
oil refinery heavy residues: 2,700,000
tpy of vacuum residue and 1 million tpy of vacuum gas oil, with
a high ratio of conversion to valuable oil products, according
to project officials.
In 2015 the Russian government plans to annul the decree
currently in effect of lowering the heavy residue export taxes
towards increasing added value for the exported petroleum
products and compliance with the motor gasoline environmental
standards (Euro 5) being used domestically.
In this regard, oil refineries in Russia were given directions
for urgently establishing units for heavy oil conversion.
Toyo said it was awarded the contract based on its
successful experiences in construction more than 60 plants in
both Russia and CIS countries from the 1960s and
for receiving a high appraisal for its engineering
know-how on numerous projects in the field of heavy oil
Toyo added that it plans to actively expand its business and
marketing activities in years to come for energy and petrochemical projects.