Kstovo, Nizhny Novgorod Region, August 30 - Neftegaz.RU. The official unveiling of a sign to commemorate the start of construction of LUKOIL's Petroleum Residue Recycling Facility took place on August 29.
The facility, based on the process of delayed coking, is located at LUKOIL's wholly owned refinery of LUKOIL-Nizhegorodnefteorgsintez. The event was attended by President of LUKOIL Vagit Alekperov, Head of the Nizhny Novgorod Region Gleb Nikitin and Acting Plenipotentiary representative of Russia's President in Volga Fed.District Igor Panshin.
Apart from a delayed coker, the complex, with the total annual feed rate of 2.1 million tons, features a diesel hydrotreater, a gas fractionator, hydrogen and sulfur production units, as well as infrastructure facilities. Once the new facility is commissioned, the Nizhny Novgorod refinery will significantly reduce its production of fuel oil, increase refinery yield up to 95.5% and achieve higher synergy with the fluidized catalytic-cracking units already in operation.
As a result, the yield of light petroleum products will grow from the actual 64% up to 76%. The facility, whose commissioning is slated for 2021, will also increase tax revenues at different administrative levels and provide additional employment for over 200 people.
Vagit Alekperov and Gleb Nikitin also participated in official events on the occasion of the refinery's 60th anniversary. 18 employees of LUKOIL-Nizhegorodnefteorgsintez received state, industry and corporate awards.
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