KBR Awarded Veba Combi Cracker License and Engineering Services Contract in Cambodia
HOUSTON--(BUSINESS WIRE)-- KBR (NYS: KBR) today announced it was awarded a contract by Cambodian Petrochemical Co. Ltd (CPC) to provide licensing and engineering services for the Veba Combi Cracker (VCC) Unit to be implemented in the Kampong Som Petrochemical Industrial Zone of Cambodia. Tianjin Petrochemical Engineering Design Co. LTD. (TPED), the EPC Contractor for the Unit, executed the agreements on behalf of CPC.
Under the terms of the contract, KBR will provide License and Basic Engineering services for the 1.2 MMTPA VCC Unit that will process refinery vacuum residues into high value naphtha and Euro 5 diesel products.
"The VCC technology was selected after careful evaluation of the process. The high residue conversion and finished products quality will significantly improve the economics of our facility," said Li Chengchun, Chief Executive Officer of CPC. "VCC can process a wide range of residues and fuel oil which greatly enhances our crude flexibility and had a big influence on the selection of our refinery configuration."
"The EPC contractor is critical to the successful implementation of a new technology." said Jiang Huadong, General Manager, TPED. "TPED is committed to build this unit in accordance with CPC's quality, schedule, and cost requirements."
"We are pleased to be awarded our fourth license since acquiring the right to license VCC in 2010. The other three units are under construction," said John Derbyshire, President, KBR Technology. "I look forward to working with CPC and TPED as we embark on this important project."
CPC is the first refinery in Cambodia with a crude capacity of 5 MMTPA invested by Cambodian National Petroleum Authority, Cambodian HKT Special Economic Zone Co. Ltd, and Hong Kong Diamond Industry Co. Ltd.
China Perfect Machinery Industry Corp., Ltd. (SINOMACH, www.chinaperfect.com.cn) will build this refinery that is scheduled to start up in 2015, and expected to greatly promote Cambodia's economic development. TPED (www.tped.cn) is a subsidiary of SINOMACH and a Class A certified design institute that provides engineering design and EPC services for energy companies in China.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.
KEYWORDS: United States Asia Pacific North America Cambodia Texas
The article KBR Awarded Veba Combi Cracker License and Engineering Services Contract in Cambodia originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.