FEPCO & Far Eastern Branch of RAS Sign Scientific and Technical Deal

By Joseph R. Fonseca
Thursday, July 10, 2014
logo

 

Far Eastern Petrochemical Company and Far Eastern Russian Academy of Sciences division have signed an agreement on scientific and technical collaboration.

As part of the agreement Far Eastern Petrochemical Company (FEPCO) and Far Eastern branch of Russian Academy of Sciences (FEBRAS) are going to realize a number of research programs relating to high-performance energy- and resource-saving technologies in the sphere of complex hydrocarbons processing. Moreover, the base of FEBRAS will be used as a site for training FEPCO specialists in the course of their doctorate studies at Academy of Sciences regional branches institutes.

The term of the contract is up to 2022. In this period of time FEBRAS specialists will have the possibility to participate in all stages of FEPCO project implementation. The joint work with Far Eastern scientists will be a supplementary guarantee in the problem of providing ecological security during the oil refinery complex construction and exploitation. Also in the course of project programs will be realized in the field of research and technical developments aimed at amplification of oil refining and petrochemical industry.

The construction of a modern petrochemical and oil refining complex in the Far East of Russia is one of the biggest Rosneft projects. Its realization is performed by Far Eastern Petrochemical Company (FEPCO).

The complex with designed capacity of up to 30 mln tons of hydrocarbon crude per year, which is planned to be situated in Partizansky district of Primorsky Krai, will start the formation of Far Eastern petrochemical cluster.

The project is a solution for several large-scale problems. The first one is to provide high-quality motor fuel for the growing needs of Far East regions. During peak demands FEPCO can produce more than 100 thousand tons of motor fuel per month.

The second problem is to shift away from exporting crude products to producing higher-value-added goods. The petrochemistry production – polymers – will come both on prospective markets of Asian-Oceanian countries and will be used for domestic manufacturing.

The FEPCO project will be realized in three steps: I – petrochemical complex with planned efficiency of 12 mln tons of oil per year; II – petrochemical complex with planned efficiency of 3,4 mln tons of oil per year, III – oil refining and petrochemistry, making 12 mln tons per year and 3,4 mln tons per year respectively (the realization of the third step of the project is planned given that the corresponding market conditions exist).

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Olympic Pact with Canyon Offshore

Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of

HII Secures Aircraft Carrier Planning Contract

Huntington Ingalls Industries (HII) was awarded a $152 million contract for advance planning for the construction of the third aircraft carrier in the Gerald R.

Wood Group Bags Statoil MSA

Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore  and onshore facilities. Work and

Finance

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

Environmental

Design Concept: Zero Emissions Cargo Ship

The designs for a multi access zero emissions cargo ship will be unveiled at the 5th Natural Propulsion Seminar in Wageningen, Netherlands, on Tuesday, May 24. The

First Cruise Company Fined under Australia’s New Fuel Rules

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.

HUMMEL LNG Hybrid Barge Begins Second Season

For over one year the HUMMEL has been contributing to improved air quality at the port of Hamburg. Becker Marine Systems’ LNG Hybrid Barge will also be supplying

News

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1109 sec (9 req/sec)