23-10-2017
Gazprom Neft begins construction of deep conversion complex at Pancevo refinery
NIS, has begun the construction of a new deep conversion complex (DCC) involving delayed coking technology at its PanÄevo Refinery, Serbia. The construction project was officially launched by the President of Serbia, Alexander VuÄić, and Alexander Dyukov, CEO of Gazprom Neft.
The project is a key part of the second phase of a major programme which Gazprom Neft has been executing since 2009 to modernise the refining capacity at NIS. Total investment in this new project exceeds €300 million, making it currently the largest investment project in Serbia. The project is expected to be completed in 2019.
With capacity of 2,000 tonnes per day, commissioning the facility will allow conversion rate — a key indicator of a refinery’s operational efficiency — to reach 99.2 percent. Moreover, the refinery’s production of high-quality diesel fuel will increase by more than 38 percent. As part of this project, NIS will commence production of petroleum coke (“pet coke”) which is currently not produced in Serbia. Once the complex becomes operational, the refinery will cease the production of high-sulphur fuel oil (mazut), which will result not only in improved environmental performance, but will also enable Serbia to meet its international obligations in limiting the use of high-sulphur fuels.
Alexander Dyukov, CEO of Gazprom Neft, commented: “The commissioning of this production complex at the PanÄevo oil refinery will make it possible to achieve a record conversion rate of more than 99 percent. By introducing cutting-edge technological solutions, Gazprom Neft is striving to bring the group’s refineries up to the highest standards globally in terms of conversion rate, energy efficiency and environmental friendliness. Modernising the oil refining complex is a key strategic objective for us, on the successful implementation of which the overall efficiency of our business largely depends. Under the unstable conditions of today’s energy market, this is becoming a key factor in competitiveness.”
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Kent plays integral role in Fawley petrochemical complex
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical ...
11-04-2024