Rosneft Deutschland, a Rosneft subsidiary, and the German BITUMINA Handel, a subsidiary of Basalt-Actien-Gesellschaft, in the presence of Rosneft CEO Igor Sechin and Rosneft Chairman of the Board of Directors Gerhard Schroeder, signed on January 22, 2018, a contract for bitumen processing and production of polymer-modified bitumen products.
The document provides for processing of bitumen produced by PCK refinery at the BITUMINA polymer-modified bitumen (PMB) plant for production of Alfabit PMB based on Rosneft's own formulation.
Signing of the contract with BITUMINA will enable Rosneft Deutschland to expand its product range, offering bitumen of own production with high performance to customers from Germany and other countries.
In January 2018, Rosneft Deutschland commenced marketing and sales of bitumen in Germany and neighboring countries, providing commercial volumes of pavement bitumen from PCK, Bayernoil and MiRO refineries.
Rosneft Deutschland adapted the formulation of Alfabit bitumen product which successfully passed the tests in severe Russian climate conditions and demonstrated resistance to high loads. A distinctive feature of the product is its high elasticity and wear resistance.
Rosneft Deutschland General Director Brian Chesterman said: «We are pleased that the German highly competitive market has highly appraised our product which is based on unique recipes and using up-to-date technologies. The agreements allow us to apply and develop Rosneft technologies in Germany and Europe in general, and are an important step in the Rosneft's strategy to enter the German market of petroleum products. »
Rosneft is the 3rd largest player in the German oil refining market with a throughput of about 12.5 million tons per year, which is more than 12% of all German refining throughput. The average conversion rate at the Rosneft's facilities is 93%, the average Nelson complexity index is 9.1
