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Contract Award for Modernization of the Oil Refinery in Tatarstan, Russia
Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) has been awarded a contract with “TAIF-NK” to provide services for detailed engineering and procurement for the oil refinery modernization project in Nizhnekamsk. “TAIF-NK” belongs to “TAIF” PSC Group (Republic of Tatarstan, Russian Federation) and is one of the largest oil refineries in Russia. The current project utilizes the VCC (Veba Combi Cracker) process of Kellogg Brown and Root (KBR, the engineering company with headquarters in Houston, USA) to be implemented at the Heavy Residue Conversion Complex (HRCC) for the first time in the world. The project is going to be completed in 2016 and the Complex will convert the following oil refinery heavy residues: 2,700,000 tons/year of vacuum residue and 1,000,000 tons/year of vacuum gas oil with high ratio of conversion to more valuable and high-quality oil products.