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China National Chemical Engineering to build hydrocracking plant for Gazprom

March 16/2017

MOSCOW (MRC) -- China National Chemical Engineering Co Ltd said on Wednesday that its unit signed a contract worth about USD1.17 billion to build a hydrocracking plant for Gazprom in Russia, said Reuters.

The engineering and construction company aims to complete construction of the 2.5-MMtpy plant in 32 months, it said in a filing to the Shanghai Stock Exchange.

As MRC informed earlier, Borealis AG, one of the largest polyolefins producers in Europe, and PAO Gazprom, the world's gas major, signed a Memorandum of Understanding. The document reflects the parties' interest in evaluating opportunities to develop joint gas chemical projects in Russia.

PAO Gazprom (Russia) is a large Russian company founded in 1989 which carries on the business of extraction, production, transport and sale of natural gas. The company name is a contraction of the Russian words Gazovaya Promyshlennost. The headquarters of Gazprom are in Moscow.
Author:Anna Larionova
Tags:gas processing, Gazprom, Sinopec, Russia.
Category:General News
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