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DMEA NEWS IN BRIEF DMEA
regenerator project at Durban, South Africa. partnership with Samsung Engineering the Suez Canal Economic Zone’s development
Under the contract, KBR will implement its Co Ltd and CB&I Nederland BV (now company, aims to produce value-added
proprietary catalyst regeneration technology McDermott International). As well enabling petroleum products in order to fill Egypt’s
that will allow SAPREF to improve the the production of these new, cleaner fuel domestic needs and enable exports.
reliability and integrity of the FCC unit by products, the project will also increase The 3.56 million square meter facility
optimising its catalyst and air distribution. processing capacity at this key project for is the latest part of the country’s efforts to
KBR’s scope includes a technology Kuwait’s refining industry. try to develop an energy hub in the eastern
license, basic and detailed engineering, and Prashant Bokil, JV Project Director, Mediterranean.
proprietary equipment. said: “We have progressively continued the The products include polyethylene,
“We are proud to announce that SAPREF commissioning and handover of each unit polypropylene, polyester, bunker fuel and
has chosen KBR’s leading FCC technology for and the Hydrocracker is another important other petroleum and chemical products, the
its project,” said Doug Kelly, KBR President, milestone for this mega project. Thank you to statement said.
Technology. “As an FCC industry leader, KBR everyone involved, we are focused on safely REUTERS
incorporates continuous innovations in its delivering the remaining work ahead and
solutions to help our clients achieve both their completing the project to the full satisfaction SABIC profits surge as
business and sustainability goals in the most of our client KNPC.”
effective manner.” The Clean Fuels Project, Mina Abdullah product prices strengthen
KBR developed the world’s first Refinery has a total of 12 new process units
commercial FCC unit in 1942 and has from five licensors, inter-refinery transfer Saudi petrochemicals giant SABIC said first
executed over 200 FCC grassroots and revamp lines and interconnecting pipe rack. Seven of quarter profit more than doubled to SR4.86
projects globally. the units, along with associated flares, have billion ($1.3 billion) compared to the previous
In addition to helping refiners achieve now been commissioned, with the Vacuum quarter as average sales prices jumped.
optimum product yields and environmental Rerun (VRU) Unit 213 currently under The Riyadh-headquartered company
benefits, KBR’s FCC-based processes and commissioning and the remaining four units had made a loss of SR1.05 billion in the year
proprietary catalysts provide innovative (HCR-114, ARDS-212 and 112 and CCR-127) earlier period.
solutions to maximise operational flexibility in advanced stages of pre-commissioning. It said average sales prices increased by 22
and margins. This is an engineering, procurement and percent compared with the fourth quarter of
HYDROCARBON ENGINEERING construction (EPC) project on a massive 2020.
scale. At the peak of activity, more than 15,000 The shares were about 2 percent lower in
Petrofac commissions key people were working on the Kuwait site. An early trade on Thursday.
“The financial performance of SABIC
exemplary safety record has been maintained,
hydrocracker unit for KNPC with more than 67.2 million work hours improved in the first quarter of 2021
compared with the previous quarter due to
without lost-time incident since May 2018.
Petrofac said that its Clean Fuels Project TRADE ARABIA increased margins driven by higher product
for Kuwait National Petroleum Company prices, supported by a rise in the oil price,
(KNPC) has achieved a further significant healthy demand and tightness in the supply
milestone, with the safe and successful PETROCHEMICALS for most of the key products,” the company
commissioning of Hydrocracker Unit 214 at said.
Mina Abdullah Refinery. Egypt signs deal to build The first quarter 2021 profit was above
This is the second largest hydrocracker an average forecast of SR3.68 billion, based
unit in Kuwait. It is licensed with a feed petchem complex in Ain on five analysts in Refinitiv Eikon, Reuters
processing capacity of 50,000 barrels per reported.
stream day (BPSD) and will upgrade heavy Sokhna Brent crude oil prices increased by
gas oil fractions into lighter products through about 39 percent in the first quarter of 2021
a hydro-cracking process using catalyst and Egypt has signed a $7.5 billion deal to compared with the fourth quarter of 2020.
hydrogen. This will enable the production of construct a petrochemical complex in the Ain The Kingdom’s petrochemical sector has
Kuwait’s new generation of ultra-low Sulphur Sokhna industrial zone, the cabinet said on benefited from rebounding global demand
fuel products, including Euro 5 Diesel, Wednesday. for petrochemicals driven by a rise in
Kerosene and Jet Fuel, Naphtha and LPG. The deal, between the Red Sea National consumption as economies emerge from a
Petrofac is leading a joint venture Refining and Petrochemicals Company and year of lockdowns.
Week 17 29•April•2021 www. NEWSBASE .com P17