24-03-2021
LUKOIL and Russian ministry of energy agree to support construction of deep oil refining units
LUKOIL and the Ministry of Energy of the Russian Federation concluded an agreement that provides for LUKOIL receiving an investment increment to reverse excise tax on oil till January 1, 2031 in order to construct new deep oil refining units at the LUKOIL-Nizhegorodnefteorgsintez LLC, which is a PJSC LUKOIL wholly owned subsidiary.
According to the agreement, LUKOIL will build a Petroleum Residue Recycling Facility at its Nizhny Novgorod refinery. The facility will include the following units:
- A delayed coker with production capacity of 2110 thousand tonnes per year;
- A combined diesel fuel and gasoline hydrotreater with production capacity of 1500 thousand tonnes per year;
- A hydrogen production unit with production capacity of 50 thousand normal cubic meters per hour;
- A gas fractionator with production capacity of 425 thousand tonnes per year;
- An elemental sulphur and sulphuric acid production unit with production capacity of 81 thousand tonnes in terms of sulphur per year;
- Infrastructure facilities.
Construction of the facility is already underway: core long lead equipment is installed; in-site pipelining and piping of equipment are in progress. The facility is set for commissioning in the fourth quarter of 2021.
The launch of the facility should allow to decrease annual fuel oil output at the Nizhny Novgorod refinery by 2.6 million tonnes and increase annual Euro-5 diesel fuel output by 0.7 million tonnes. The refinery yield will thus increase to 97%, with light products yield reaching 74%. Implementation of the project will lower LUKOIL Group's total fuel oil output to less than 4% and increase light products yield to 75%.
​"LUKOIL has fully honoured its commitments to modernize refining facilities under its previous agreements with the government. Realization of this new project at the Nizhny Novgorod refinery is a long-term investment aimed at supplying Russian market with high-quality fuel. The facility will reach synergy with the fluid catalytic cracking units already in operation, thus enhancing the output mix of our Nizhny Novgorod refinery," said Vadim Vorobyov, First Executive Vice President of LUKOIL.
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
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
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