Friday 15 January 2021

TechnipFMC to kick off work on new Egypt hydrocracking unit

CAIRO, November 30, 2020

TechnipFMC, a global leader in subsea, onshore/offshore projects, has successfully completed the remaining conditions required to kick off the engineering, procurement, and construction (EPC) work 
on the new hydrocracking complex for the Assiut refinery in Egypt.
The key EPC contract in inked with Assiut National Oil Processing Company (ANOPC), covers new process units such as a vacuum distillation unit, a diesel hydrocracking unit, a delayed coker unit, a distillate hydrotreating unit as well as a hydrogen production facility unit using TechnipFMC’s steam reforming proprietary technology. 
TechnipFMC did not disclose the value of the contract, but according to experts, this major award was likely to be more than $1 billion. 
The project also includes other process units, interconnecting, offsites and utilities. It supports the Egyptian government’s energy transition strategy and will reinforce the economic growth of rural areas while minimizing environmental emissions as well as reducing the government export bill. 
On completion, TechnipFMC said the complex was likely to transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into 2.8 million tonne per year of cleaner products, such as Euro V diesel.
The contract award will be included in the company’s fourth quarter 2020 inbound orders, it added.


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