Monday, 25 April 2022
Tupras awards Tekfen FCC upgrade project
Tekfen Construction and Installation Co. Inc., an affiliate of Tekfen Holding Company has received a letter of award from Türkiye Petrol Rafinerileri A.Ş. (Tüpraş) for Tüpraş İzmir Refinery “FCC Revamp Project”. The scope of Project consists of equipment and material procurement and construction of FCC Unit with a total duration of 33 months. Project value is USD 54,5 million.
LyondellBasell Announces Plans to Exit Refining Business
LyondellBasell today announced its decision to cease operation of its Houston Refinery no later than December 31, 2023. In the interim, the Company will continue serving the fuels market, which is expected to remain strong in the near-term, and consider potential transactions and alternatives for the site.
"After thoroughly analyzing our options, we have determined that exiting the refining business by the end of next year is the best strategic and financial path forward for the Company," said Ken Lane, interim CEO of LyondellBasell. "These decisions are never easy and we understand this has a very real impact on our refinery employees, their families and the community. We are committed to supporting our people through this transition."
Lane added, "While this was a difficult decision, our exit of the refining business advances the Company's decarbonization goals, and the site's prime location gives us more options for advancing our future strategic objectives, including circularity."
LyondellBasell's Houston Refinery has a rated capacity to transform 268,000 barrels per day of crude oil into transportation fuels and other products including lubricants, chemical intermediates and petroleum coke.
"After thoroughly analyzing our options, we have determined that exiting the refining business by the end of next year is the best strategic and financial path forward for the Company," said Ken Lane, interim CEO of LyondellBasell. "These decisions are never easy and we understand this has a very real impact on our refinery employees, their families and the community. We are committed to supporting our people through this transition."
Lane added, "While this was a difficult decision, our exit of the refining business advances the Company's decarbonization goals, and the site's prime location gives us more options for advancing our future strategic objectives, including circularity."
LyondellBasell's Houston Refinery has a rated capacity to transform 268,000 barrels per day of crude oil into transportation fuels and other products including lubricants, chemical intermediates and petroleum coke.
Thursday, 21 April 2022
Fuhaichuang Petrochemical Selects Axens Ebullated-Bed Residue Hydrocracking Technology (H-Oil®) to Boost the Profitability of its Assets
Fuhaichuang Petrochemical Co., Ltd, one of the main private Chinese refiner, has selected Axens’ Ebullated-bed residue hydrocracking technology (H-Oil®) for a capacity of 1.5 MTA as the key unit of its residue upgrading plan in its petrochemical complex located in the port of Gulei, Fujian Province, China.
The project aims at producing Very Low Sulfur Fuel Oil (VLSFO) meeting RMG 380 specification from Vacuum Residue feedstock along with Middle Distillates (naphtha and diesel) that will be further upgraded within the existing assets of the refinery.
Axens scope of work includes the supply of process design package, and full services from plant personnel training to unit start-up.
The H-Oil® solution proposed by Axens and tailored for Fuhaichuang Petrochemical is unique in a sense that it will allow to cope with challenging targets of VLSFO production, with one single train unit without importing low sulfur cutterstock. The use of specific operating conditions, latest yet industrially proven design, and a new generation of supported catalyst from Shell Catalysts & Technologies are the main contributors for this achievement.
Wang Xiaojun
Technical Manager of Refining
This project demonstrates the competitiveness of Axens to support existing refineries in improving their economic resilience by offering efficient, flexible and sustainable technology solutions.
Yu Chunyu
Director of Feed Adaptability and Debottlenecking project
About H-Oil® Technology
Axens is the leader in the market of the ebullated-bed technologies with more than 25 references all around the world. With its extensive operating experience, H-Oil® is the most mature and reliable solution for residue upgrading. H-Oil® meets the challenge of converting heavy feedstock residues into essentially distillate products, ranging from vacuum gasoil (VGO) to naphtha. Since 2014, the Axens’ ebullated-bed residue hydrocracking H-Oil® technology has been adopted by several Chinese refineries, public as well as private, demonstrating the H-Oil® ability to cope with several refining objectives and to be an energy efficient and cost effective solution.
About Fuhaichuang Petrochemical Co., Ltd Fujian
Fuhaichuang Petrochemical Co., Ltd. established in 2017 in Zhangzhou, Fujian Province, is jointly invested and established by Fuhua Petrochemical Group Co., Ltd. and Dragon group, of which Fuhua Petrochemical Group Co., Ltd. holds 90%. The company is a large petrochemical enterprise specializing in the operation of chemical products, investment and development of petrochemical projects, and maintenance of petrochemical equipment. The company's Px, PTA and supporting devices are an important part of Fuhua Petrochemical Group in building Gulei petrochemical industry group.
About Fuhua Petrochemical Group Company
Established in 1998, Fuhua Petrochemical Group Co., Ltd. is a leading enterprise in Fujian Petrochemical Industry. It has 33 first-class wholly-owned, holding and participating subsidiaries and is mainly engaged in investment and trade in oil refining and chemical industry, production, operation, scientific research and design of chemical products, and produces and operates more than 50 products, such as Ethylene, PX, PTA, caustic soda, polyether, propylene oxide, and other chemical intermediates.
The project aims at producing Very Low Sulfur Fuel Oil (VLSFO) meeting RMG 380 specification from Vacuum Residue feedstock along with Middle Distillates (naphtha and diesel) that will be further upgraded within the existing assets of the refinery.
Axens scope of work includes the supply of process design package, and full services from plant personnel training to unit start-up.
The H-Oil® solution proposed by Axens and tailored for Fuhaichuang Petrochemical is unique in a sense that it will allow to cope with challenging targets of VLSFO production, with one single train unit without importing low sulfur cutterstock. The use of specific operating conditions, latest yet industrially proven design, and a new generation of supported catalyst from Shell Catalysts & Technologies are the main contributors for this achievement.
Wang Xiaojun
Technical Manager of Refining
This project demonstrates the competitiveness of Axens to support existing refineries in improving their economic resilience by offering efficient, flexible and sustainable technology solutions.
Yu Chunyu
Director of Feed Adaptability and Debottlenecking project
About H-Oil® Technology
Axens is the leader in the market of the ebullated-bed technologies with more than 25 references all around the world. With its extensive operating experience, H-Oil® is the most mature and reliable solution for residue upgrading. H-Oil® meets the challenge of converting heavy feedstock residues into essentially distillate products, ranging from vacuum gasoil (VGO) to naphtha. Since 2014, the Axens’ ebullated-bed residue hydrocracking H-Oil® technology has been adopted by several Chinese refineries, public as well as private, demonstrating the H-Oil® ability to cope with several refining objectives and to be an energy efficient and cost effective solution.
About Fuhaichuang Petrochemical Co., Ltd Fujian
Fuhaichuang Petrochemical Co., Ltd. established in 2017 in Zhangzhou, Fujian Province, is jointly invested and established by Fuhua Petrochemical Group Co., Ltd. and Dragon group, of which Fuhua Petrochemical Group Co., Ltd. holds 90%. The company is a large petrochemical enterprise specializing in the operation of chemical products, investment and development of petrochemical projects, and maintenance of petrochemical equipment. The company's Px, PTA and supporting devices are an important part of Fuhua Petrochemical Group in building Gulei petrochemical industry group.
About Fuhua Petrochemical Group Company
Established in 1998, Fuhua Petrochemical Group Co., Ltd. is a leading enterprise in Fujian Petrochemical Industry. It has 33 first-class wholly-owned, holding and participating subsidiaries and is mainly engaged in investment and trade in oil refining and chemical industry, production, operation, scientific research and design of chemical products, and produces and operates more than 50 products, such as Ethylene, PX, PTA, caustic soda, polyether, propylene oxide, and other chemical intermediates.
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