MOSCOW (MRC) -- Eni has been awarded a contract by Zhejiang Petrochemicals for the license for the construction of two refining lines based on Eni Slurry Technology (EST), as per Hydrocarbonprocessing.
The two production lines are located on the island of Zhoushan (Zejiang Province, China), and will have a refining capacity of 3 million tonnes per year each. They will be built as part of a project for the construction of a new refinery with a capacity of 40 million of tonnes per year. Start-up is planned for 2020.
The agreement represents an important step to enhance the value of EST technology. Following the decision by Sinopec to adopt this technology for its Maoming refinery in China, EST can be viewed in the Country as the best worldwide technological solution for operators who wish to completely convert the bottom of the barrel.
The choice by Zhejiang Petrochemicals has great value from an environmental point, considering that the new EST plant replaces the originally planned Pet Coke line.
The full agreement includes: license to use the EST technology, Process Design Package, training, technical services, Proprietary Equipment and the sale of the catalyst.
In June, Hydrocarbon Processing’s International Refining and Petrochemical Conference (IRPC) will give attendees a tour of Eni’s Sanazarro refinery to see the EST plant in action. The visit includes an initial welcome and presentations by refinery officials, an overview of the EST, and a brief safety briefing. Attendees will then enter the refinery for a tour of the main conversion plants, the entrance into the control room of EST and a more specific tour of the Eni Slurry Technology plant.
IRPC Europe will be held in Milan, Italy on June 5-7 and will provide a high-level technical forum in which key players in the global petrochemical and refinery sector will meet to share knowledge and learn about best practices and the latest industry advance.
We remind that, as MRC informed previously, in June 2016, ENI announced that it could not reach an agreement with the US private equity firm SK Capital to sell a majority stake in ENI’s chemicals subsidiary Versalis (Milan) and had terminated the discussions.
ENI is an Italian multinational oil and gas company headquartered in Rome. It has operations in in 79 countries, and is currently Italy's largest industrial company with a market capitalization of EUR68 billion (USD 90 billion), as of August 14, 2013. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 39.40% of the shares are held by BNP Paribas.
MRC