Ryazan oil refinery : Maire Tecnimont bags €1.1bn contract for VGO hydrocracking complex
Maire Tecnimont has bagged an engineering, procurement, and construction (EPC) contract worth around €1.1 billion from Rosneft for a hydrocracking complex at the Ryazan oil refinery in Russia.
The Italian engineering company said that the contract for the vacuum gas oil (VGO) hydrocracking complex was signed by its subsidiaries Tecnimont and MT Russia.
Vacuum gas oil is produced by a vacuum distillation unit in a refinery.
The new VGO hydrocracking complex at the Ryazan oil refinery, which will cater to the requirements of the domestic market, will have a daily capacity of 40,000 barrels.
Its annual capacity of 2.2 million tons is expected to help the Russian oil refinery complex to boost the rate of conversion and refining margins by converting dark petroleum products into Class 5 light commercial petroleum products such as gasoline, diesel fuel, and kerosene.
The VGO hydrocracking complex will house hydrocracking units, sulfur recovery units, hydrogen production units, and offsite facilities.
Maire Tecnimont said that the scope of work includes a variety of works associated with the designing, supplying of equipment and materials, construction, start-up, and commissioning, as well as project finance services.
A considerable part of the scope of work for the new hydrocracking complex at the Ryazan oil refinery will be carried out by MT Russia at its engineering centre in Moscow, where Maire Tecnimont Group has nearly 200 specialists, who are presently engaged in various ongoing Russian projects.
Pierroberto Folgiero — CEO of Maire Tecnimont Group, commenting on the Ryazan oil refinery contract, said: “We are excited to start this strategic relationship with a leading player such as Rosneft, supporting its vision for the development of the Region’s value chain through technological downstream initiatives. We will put our best-in-class engineering and technological expertise and our capability in managing complexity to ensure the maximum energy efficiency and best environmentally performing standards.
“As part of our business DNA, our entrepreneurial and proactive approach has enabled us to further consolidate our very strong track record in the Russian Federation.”