Tecnimont bags contract upgrade refinery in Poland

Tecnimont bags contract to upgrade refinery in Poland

11:45 AM, 15th July 2015
Tecnimont bags contract to upgrade refinery in Poland
Pierroberto Folgiero, chief executive officer, Maire Tecnimont SpA. (File photo)

MILAN, ITALY: Maire Tecnimont SpA said that its subsidiary Kinetics Technology SpA, has been awarded an engineering, procurement and construction (EPC) contract by Lotos Asfalt, a subsidiary of Grupa Lotos SA, related to a refinery unit upgrading in the Gdansk refinery, in the framework of the effective refining (EFRA) project. The overall contract value is estimated to be €304 million and the project completion is expected in 2018.

Grupa Lotos is one of the largest refining companies in Poland, engaged in the extraction and processing of crude oil, as well as in the wholesale and retail of refined petroleum products.

The contract includes the implementation of a delayed coking unit, a coker naphtha hydro-treating unit, a hydrogen production unit (licensed by KT) together with ancillary units in the premises of the Gdansk refinery.

The scope of the contract entails the implementation of the best available technology for produced coke downloading and dewatering. This technology is regarded as a breakthrough approach to the Delayed Coking environmental impact mitigation.

With this important achievement, Maire Tecnimont Group strengthens its positioning in the refining business. Ensuring the full technological cycle of crude oil processing is today one of the key drivers to meet the growing market for cleaner fuels and ensure higher output of high-margin products.

“This award confirms our strong technological orientation in the hydrocarbons value chain, which enables our clients to improve efficiency as well as products quality and mitigate environmental impact. Our distinctive capabilities have once again led us to achieve this outstanding result and consolidate a 10-year relationship with such a prominent client,” said Pierroberto Folgiero, chief executive officer, Maire Tecnimont.

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