Technip to provide equipment services for S-Oil

Technip was awarded a contract by Daelim Industrial Company, an engineering, procurement and construction contractor for the project, to provide proprietary equipment for the world’s first commercial High Severity Fluid Catalytic Cracking (HS-FCC™) unit, developed by an alliance of Saudi Aramco, JX Nippon Oil & Energy Corp and King Fahd University of Petroleum and Minerals. The technology is licensed by Technip Stone & Webster Processing Technology and Axens; this first unit has been licensed by Axens.

The HS-FCC cracks heavy hydrocarbons into lighter olefins such as propylene and lighter fuels such as gasoline. It will be constructed as part of the expansion of the existing residue conversion facilities at the S-Oil refinery in Onsan, South Korea.

Established in 1976, S-Oil has grown into one of the most competitive oil refiners in the Asia-Pacific region. The company operates an oil refinery facility with a capacity of 669 000 bpd, and other facilities that can produce petrochemicals and lube base oil in the Onsan Refinery in Ulsan. The proprietary equipment provided by Technip includes an innovative downflow reactor, the key component of the HS-FCC technology.

Stan Knez, President, Technip Stone & Webster Process Technology, commented, “We continually develop our proprietary equipment designs to ensure clients receive maximum value from their investment. This is particularly important when new advanced technology such as the HS-FCC is employed.”

This award results from Technip’s strong expertise in technology and equipment, which is part of its strategic focus to provide an integrated offering, as a broad-based oilfield services and equipment company.

Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/refining/22042016/technip-to-provide-equipment-for-s-oil-south-korea-3105/