Technip has been awarded by Motor Oil Hellas SA a lump-sum turn-key contract for the addition of new process units and utilities at their refinery in Corinth, Greece. The investment is worth in excess of EUR 300 million. The main objective of the project is to meet EU specifications that come into force in January 2005. The main new process units are: a 37,000 BPSD mild hydrocracker (30% conversion) integrated with a 32,000 BPSD gas oil polishing unit, both licensed by Axens, as well as a 65,000 Nm3/hr hydrogen plant and a 70 t/d sulphur recovery unit, which are based on Technip’s in-house technology. The project also comprises the revamping of several process units, such as a vacuum distillation unit, a diesel hydro-desulphurisation unit and important new and revamped offsites and utilities, including the upgrading of the power plant up to a total 60 MW production and its connection to the national HV grid. The contract includes project management, detail engineering, procurement of equipment and materials, construction management, construction and pre-commissioning. The project will be carried out by Technip’s centre in Rome, with the participation of its Greek affiliate Technipetrol Hellas. This major award follows the completion by Technip of the basic and front end engineering and the selection of licensors and services for the procurement of long lead equipment for the project. The contract is already effective and completion is slated for March 2005.
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