Chinese firm bags Bina contract
A CHINESE firm has procured Rs 266-crore contract in the Bina refinery project by competing with domestic and international players through global tendering.india Updated: Dec 19, 2006 13:33 IST
A CHINESE firm has procured Rs 266-crore contract in the Bina refinery project by competing with domestic and international players through global tendering.
The company – China Petroleum Technology & Development Corporation (CPTDC) – got the contract for installation of hydrocracker & diesel hydrotreater reactors at Bharat Oman Refineries Limited (BORL)’s Rs 10,738-crore refinery project at
“BORL awarded the contract to CPTDC because it was a technically acceptable offer,” said BORL managing director R P Singh. CPTDC is a wholly owned subsidiary company of China National Petroleum Corporation (CNPC).
Subordinate to CNPC Services & Engineering Ltd, CPTDC is China’s largest professional foreign trade company specialising in manufacturing and supply of petroleum and petrochemical material, equipment and technology. Its record annual export exceeds US $ 300 million and in 2001, CPTDC’s export volume ranked the first among all the foreign trade companies under the management of the state.
With ordering of this mother equipment, the total commitment of Bina Refinery has reached to Rs 3100 crore and physical progress has reached 5.3 per cent.
Speaking to the Hindustan Times, BORL’s vice-president (Infrastructure), C K Jain said the site-grading exercise for crude distillation unit (CDU) has been completed. “Since these tailor-made reactors are very long delivery items, there are very few suppliers approved by the process licensors to supply the reactors,” he said.
“The company is likely to begin its delivery within a period of 18 to 24 months as per the schedule,” Jain said. Bina Refinery configuration is based on hydrocracking technology for conversion of vacuum gas oil to high-value, middle-distillate product.
According to the experts the hydrocracker equipment works at a pressure of 182.8 Kg/cm2g and temperature of 454 degree Celsius in the presence of hydrogen and hydrogen sulphide environment.
The installation would be made next to the crude distillation unit (CDU) – the heart of the refinery. “One of the unique features of this refinery is that it has an integrated hydrocracker with diesel hydrotreater,” added Jain. It is expected to go operational by June 2009, with an annual refining capacity of 60 lakh ton of crude.
First Published: Dec 19, 2006 13:33 IST