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KBR technology selected for Saudi Aramco Riyadh Refinery

April 10/2019

MOSCOW (MRC) -- KBR, Inc. announced that it has been awarded a contract by Saudi Aramco for KBR's market-leading Supercritical Solvent Deasphalting (SDA) technology ROSE, as per Hydrocarbonprocessing.

Under the terms of the contract, KBR will provide a 3-product ROSE technology license, basic engineering design, and proprietary equipment for Saudi Aramco's residue upgrading and clean fuels project at the Riyadh Refinery in Saudi Arabia. Our proven 3-product ROSE scheme will be designed to meet Saudi Aramco's specific objectives for their project.

KBR's highly efficient ROSE technology requires up to 60% less energy than other technologies and is designed for ease of operation, safety and high reliability. Leading KBR's line of environmentally friendly technologies, ROSE is setting the industry standard for assisting refiners in complying with the new International Marine Organization (IMO) fuel regulations that take effect in 2020 (IMO2020). 

"We are honored that Saudi Aramco has selected the ROSE process for their clean fuels project at the Riyadh Refinery," said John Derbyshire, KBR President, Technology. "This award underscores our market leadership in residue upgrading solutions to help our clients address IMO2020 compliance challenges and improve the profitability of their refining assets."

As the market leader in SDA technology, KBR has licensed over 90% of the world's installed SDA capacity and continues to see a strong demand for the ROSE technology globally.

As MRC reported before, in October 2018, Saudi Aramco signed an agreement to invest in a refinery-petrochemical project in eastern China, part of its strategy to expand in downstream operations globally. The memorandum of understanding between the company and Zhejiang province included plans to invest in a new refinery and co-operate in crude oil supply, storage and trading. Zhejiang Petrochemical, 51 percent owned by textile giant Zhejiang Rongsheng Holding Group, is building a 400,000-barrels-per-day refinery and associated petrochemical facilities that was expected to start operations by the end of 2018.

Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national oil and natural gas company based in Dhahran, Saudi Arabia. Saudi Aramco"s value has been estimated at up to USD10 trillion in the Financial Times, making it the world"s most valuable company. Saudi Aramco has both the largest proven crude oil reserves, at more than 260 billion barrels, and largest daily oil production.


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, Saudi Aramco, China, Saudi Arabia.
Category:General News
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