Russian oil industry sees £9.3 mn investment improve efficiency

Russian oil industry sees £9.3 mn investment to improve efficiency

2:09 AM, 16th February 2012
Russian oil industry sees £9.3 mn investment to improve efficiency
David Peattie, Head of Russian buisness, BP.

LONDON, UK/MOSCOW, RUSSIA: The Skolkovo Foundation has given official approval for the establishment of a Centre of Applied Research on Energy efficient Heat Exchange and Catalysis (Project UNIHEAT), involving Imperial College London, the Boreskov Institute of Catalysis and BP. Researchers at the Centre will run the UNIHEAT project, which will focus on increasing energy efficiency and reducing heat loss in oil refining by up to 15 per cent by improving refining operations, enhancing oil production processes, and reducing CO? emissions. A £9.3 million will be invested in this international consortium to make oil refining in Russia more efficient and environmental sustainable.

“We are delighted to be involved with this very important research programme. Improving heat exchange technology is really important for the environmental efficiency of the oil processing industry. We are very pleased to team up with Skolkovo to fund Boreskov and Imperial, two of the world’s leading research institutes in this key research programme,” said David Peattie, Head of Russian buisness, BP.

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