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Maire Tecnimont to build hydrocracking complex in Ryazan

CIS PETROCHEMICALS

Maire Tecnimont to build hydrocracking complex in Ryazan

Maire Tecnimont and Rosneft reached an agreement to implement a project at the Ryazan refinery in Russia, according to the company’s press release – Market Screener

Maire Tecnimont announced the signing of an Agreement of Intent with Rosneft for the construction of a vacuum gas oil (VGO) hydrocracking complex at the Ryazan Refining Company's (RORC) production site. The document was signed at the ХIV Eurasian Economic Forum in Verona, Italy.

According to the agreement, the project will incorporate the design, supply of equipment and materials, construction, start-up and commissioning works, as well as project finance services.

The new VGO hydrocracking complex will allow RORC to convert heavy petroleum products into Class 5 light commercial petroleum products (gasoline, kerosene, diesel fuel). This will increase refining margins. The project uses modern, highly efficient technology and equipment with an automated control system to reduce the carbon footprint of the plant.

This achievement with a prestigious client such as Rosneft let us further consolidate our very strong track record in the Russian Federation, a market currently showing really significant investment trends in downstream

Pierroberto Folgiero, Chief Executive Officer at Maire Tecnimont Group

Rosneft is currently implementing a large-scale program to upgrade its refineries, with over 900 billion rubles (13 billion USD approximately) already invested. The company aims to increase its production of Class 5 gasoline, diesel fuel to fully meet the demand on the domestic market.

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