TechnipFMC receives an EPCm services contract for new naphtha complex
Category: #headlines  By Mateen Dalal  Date: 2020-01-11
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

TechnipFMC receives an EPCm services contract for new naphtha complex
  • The UK based oil and gas company procures a significant Engineering, Procurement and Construction management (EPCm) services contract for the deployment of new project in Greece.
     
  • Under this project, the realized naphtha complex is expected to hold a capacity of over 22,000 barrels per day.

In the light of ongoing advancements and establishments across the energy industry, the global oil and gas company based out of London, TechnipFMC reportedly announced been awarded an EPCm services deal for the establishment and construction of an all new naphtha complex to facilitate Motor Oil Hellas’ Corinth Refinery in the state of Greece. Claims have been made that deal follows the successful execution of TechnipFMC’s front end engineering design for the same complex.

For the record, TechnipFMC is a worldwide leader in offshore/onshore, subsea, and surface projects. The company is looking forward to penetrating into the newer possibilities for the client companies via the innovations in technologies.

According to reliable reports, the to be built naphtha complex is expected to bear a capacity of nearly 22,000 barrels per day and would include three new processing units- a platforming unit, a hydrotreater unit, and an isomerization unit.

Once the project is completed, the complex would further allow the Motor Oil Hellas Refinery to enhance its production of Euro 5 gasoline. This is likely to be in line with the company’s strategy of increasing the production of clean fuels globally. Moreover, the project would also include the upgradation of current utilities and offsite units with an intent to sufficing the requirement of the new complex.

Speaking on the deal, the President of TechnipFMC’s offshore/onshore business, Catherine MacGregor reportedly cited that the company bolsters its excellence in the delivery of the complicated projects and its leadership with the European downstream industry. Additionally, the upcoming naphtha project would also display the strong historical relationship between Motor Oil Hellas and TechnipFMC over the past 45 years.

Source credit: https://finance.yahoo.com/news/technipfmc-awarded-significant-contract-motor-060000676.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

China unveils plans to reinforce stringent safety standards for EVs

China unveils plans to reinforce stringent safety standards for EVs

By Mateen Dalal

This news comes amid rising incidences of battery fires and breaks failures. China will require automakers to have a 24-hour emergency response system to address major accidents. China is planning to reinforce strict safety standards for electri...

Facebook testing new option for cross-posting content to Instagram

Facebook testing new option for cross-posting content to Instagram

By Mateen Dalal

Facebook, Inc is reportedly testing an option that will allow users to cross-post their photos, videos, and other posts on their Instagram. It already has the feature to let people cross-post their Instagram content to Facebook. This upcoming featur...

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

By Mateen Dalal

GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies will continue to work together. General Motors (GM) has agreed to recover around USD 1.9 billion f...