KBR Awarded VCC License and Basic Engineering Package for TAIF Group’s Refinery at Nizhnikamsk, Republic of Tatarstan, Russia
February 14 2012 - 4:40PM
Business Wire
KBR (NYSE: KBR) today announced it was awarded a contract by
TAIF Group to provide licensing and engineering services for the
Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk
refinery in the Republic of Tatarstan, Russia.
Under the terms of the contract, KBR will provide the License,
Basic Engineering Package (LBEP), and other services for TAIF’s
VCC-based Deep Conversion Complex. The complex will process 2.7
million tons per annum of refinery vacuum residues, and 1.6 million
tons per annum of distillates into high value petrochemical
feedstocks and Euro 5 diesel. This award marks the third VCC
license, and KBR’s largest VCC project award since the acquisition
of the rights to the technology in January 2010.
“KBR’s VCC technology is uniquely suited to process Russian
crude derived residues and is an ideal solution for monetizing
Russia’s large residue resource base,” said John Derbyshire,
President, KBR Technology. “I look forward to our new partnership
with TAIF as we embark on this large project.”
“The VCC technology was selected after careful evaluation of the
process and other available processing options. The high residue
conversion and the finished product quality from the unit will
significantly improve the economics of the TAIF- NK refinery,” said
Albert Shigaboutdinov, General Director TAIF group.
TAIF is a privately held, large production and investment
company comprising of 67 subsidiaries and affiliates operating in
the oil and gas processing, refining, petrochemicals,
telecommunication, building and construction, banking and
investments, and service sectors. For more information, visit
www.en.taif.ru.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power, industrial, and commercial
markets. For more information, visit www.kbr.com.
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