US-based engineering, procurement and construction company KBR has received a license and basic engineering design (LBED) contract from Hyundai Oilbank (HDO) for an 80,000bpd ROSE unit located in Daesan, South Korea.
The unit would be developed by utilising KBR's ROSE technology that incorporates supercritical solvent deasphalting (SDA) service.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
After completion, the unit will be one of the largest SDA units in the industry.
Under the contract, KBR will be providing the license to use ROSE technology. It will also deliver basic engineering design and post-start up services.
The unit is expected to commence operations by the end of 2018.
The ROSE unit will be responsible to remove heavier fractions from crude oil enabling the refinery to process larger volumes of oil into lighter and high-grade products.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe unit is expected to improve HDO's refinery margin.
KBR technology and consulting president John Derbyshire said: “ROSE is one of the most cost-effective ways to recover more valuable product from every barrel of oil.
“We are proud to partner with Hyundai Oilbank to help them upgrade their residue and become more competitive in the global refining landscape.”
The company claims that ROSE is a highly reliable process that consistently delivers its value for the investment.
KBR has licensed more than 55 ROSE units worldwide and provides the latest solutions to the petroleum refining market.
Its clientele includes more than 60 greenfield refineries and more than 1,000 refining process units worldwide.
