Pakistan Refinery Restricted (PRL), one of many nation’s largest oil refineries, has signed pivotal license agreements with Honeywell UOP and Axens, international know-how suppliers, for its Refinery Enlargement and Improve Challenge (REUP).
The event was shared by PRL in a submitting to the Pakistan Inventory Trade (PSX) on Tuesday.
“Pakistan Refinery Restricted (PRL) has signed pivotal license agreements with famend business leaders Honeywell UOP and Axens, for its formidable REUP,” learn the discover.
“Our partnership with Honeywell UOP and Axens marks a major milestone in our journey in direction of refinery modernization,” stated Zahid Mir, Managing Director and CEO of PRL.
“We consider that these collaborations will play a vital position in shaping the way forward for Pakistan’s power panorama,” he added.
The corporate shared that the REUP venture goals to double PRL’s refining capability from the present 50kbpd (thousand barrels per day) to 100kbpd and improve the prevailing configuration from hydro skimming to a deep conversion refinery.
PRL stated that the conversion would allow it to supply value-added merchandise and Euro V-compliant (European emission requirements) fuels which are environmentally preferable to legacy automotive fuels.
“PRL has chosen state-of-the-art course of applied sciences from these international know-how suppliers,” it stated.
Honeywell UOP has been chosen for bottom-of-the-barrel conversion know-how and naphtha processing.
This consists of the Residue Fluidized Catalytic Cracking Course of, the LPG Merox course of, and a naphtha complicated, that includes a naphtha hydrotreater and a CCR (steady catalyst regeneration) platforming unit.
In the meantime, Axens has been chosen to provide Prime G+®, Prime D™, and Polynaphtha™ to realize Euro V gasoline and diesel specs, added the assertion.
Final week, PRL executed an improve settlement with the Oil & Fuel Regulatory Authority (OGRA).
This was carried out in accordance with the obligatory provisions outlined within the Pakistan Oil Refining Coverage for the Upgradation of Current/Brownfield Refineries, 2023.