Barauni refinery expands capacity
France’s Technip Energies (PARIS:TE) said it has been awarded a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project at Barauni refinery in Bihar.
The EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of one million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels – similar to Euro VI Grade fuels – and petrochemicals.
“This award demonstrates our long-term commitment in India and substantially consolidates our positioning in High Operating Pressure projects. It also strengthens our position as a leading provider of key projects to the major players in India’s domestic energy sector,” Bhaskar Patel, Senior Vice President India Business Unit at Technip Energies, said on 7 April 2021, announcing the contract.
“We are very pleased to have been awarded this contract by Indian Oil Corporation Limited.”
IOCL’s Barauni refinery, built in 1964, is India’s second crude oil processing plant. The BR9 Expansion project shall enhance refinery capacity from 6 MMTPA to 9 MMTPA and will add petrochemicals such as Polypropylene into Barauni refinery’s product portfolio.
Technip Energies has a strong footprint in India with local presence in Delhi, Mumbai, Chennai and Dahej.
While the contract value was not announced, Technip Energies usually rates its “significant” contract between €50 million and €250 million.
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts. #tenders #contracts #projects #investment #processing #manufacturing /fiinews.com
