News Post
Maire Tecnimont Signs Preliminary Agreement for Rosneft Grassroots VGO
Maire Tecnimont S.p.A. announced this week that it has signed an Agreement of Intent with Rosneft regarding the construction of a grassroots Vacuum Gas Oil (VGO) hydrocracking complex to be placed at the Ryazan refinery site in Ryazan, Russia.
This preliminary contract would allow for a range of services to be performed by Maire Tecnimont for this proposed complex, including the project design, supply of equipment and materials, construction, start-up and commissioning, and project finance services for this VGO build. Rosneft is in the process of upgrading its refineries to increase Class 5 gasoline and diesel production, and this VGO complex would add to this plan by converting heavy petroleum products into Class 5 commercial products such as gasoline, kerosene, and diesel fuels.
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