US Honeywell, ExxonMobil license tech to Moscow oil refinery

17 October 2013 20:11  [Source: ICIS news]

HOUSTON (ICIS)--Honeywell and ExxonMobil have concluded a deal to license their technology to Gazprom Neft’s Moscow refinery, the US-based companies said on Thursday.

Under the deal, a joint marketing alliance between Honeywell’s UOP petrochemicals technology business and ExxonMobil Research and Engineering (EMRE) is licensing technology that will allow the refinery to improve its production of refined distillates, the companies said in a joint statement.

As part of a modernisation, the Moscow refinery will install a combination of UOP's Distillate Unionfining hydroprocessing technology and EMRE’s distillate de-waxing technology to produce low-sulphur diesel.

“The combined UOP and EMRE technology platform offers the Moscow oil refinery a single, integrated solution for its hydroprocessing and fuel de-waxing needs,” said Pete Piotrowski, vice president and general manager of process technology and equipment at UOP said.

The companies did not disclose financial terms, capacity details, or timelines for the project's implementation.

The licensing agreement marks the first project in Russia to be launched under the joint EMRE-UOP alliance formed in 2012.

By: Stefan Baumgarten
+1 713 525 2653

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