Oil Refineries Announces the Hydrocracker Successful Activation

Source: www.gulfoilandgas.com 1/3/2013, Location: Middle East

Oil Refineries Ltd., Israel's largest integrated refining and petrochemical group, announced that it has successfully activated the hydrocracker, which passed the project's acceptance test and is producing distillates of the required quality and commercial quantities.

Pinhas Buchris, CEO of ORL, commented: "We are pleased with the hydrocracker's activation, which is an important step in the implementation of the Company's strategy. The hydrocracker is a very complex piece of equipment. The project's establishment lasted about three years and cost about $500 million so we see its activation as a business, technological and organizational achievement. The integration of the hydrocracker into ORL's operations will enable us to produce improved and higher quality distillates relative even to the strict environmental standards and improve our competitive standing in the world. We believe that through the hydrocracker we can maximize the production capacity of the Company and positively impact our operational efficiency and hence improve the Company's financial results."

The hydrocracker project is part of the Company's strategic plan, which was outlined in late 2007. The $500 million invested in the project was a key part of the 2007 strategic plan, which overall totaled $1 billion. The strategic plan includes, among other things, upgrading the HVGO desulfurization facility of and other facilities, which have expanded and upgraded our refining and cracking capacity as well as our production of oil and petrochemical products.

The hydrocracker is currently working on an input of about 25,000 barrels per day. Its products - LPG, naphtha, kerosene and diesel - are of a very high quality. The hydrocracker significantly improves the competitive positioning of the refinery by increasing the refinery's complexity and improving the Company's ability to produce a more profitable product mix.

The Company believes that the hydrocracker's operation will improve its refining margin and as such, its financial results. It will also help to expand and further focus our efficiency measures and streamlining processes, about which the Company recently announced. The impact of the facility on the Company's operating results will depend on the prevailing refining margins in the global market, and in the Mediterranean market in particular.


Singapore >>  11/6/2024 - Singapore Methanol Private Limited and Global Energy Overseas are pleased to announce the signing of a Memorandum of Understanding (MOU) that brings t...
China >>  10/30/2024 - China Petroleum Network News (Reporter Feng Zuowen, Correspondent Gao Yixing, Fu Xiaodong) Lanzhou Petrochemical adheres to green and low-carbon devel...

Saudi Arabia >>  10/29/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a Collaboration Framework Agreement with Vietnam Oil and Gas ...
United States >>  10/28/2024 - Synthica Energy has selected Archer Western Construction as its partner for development of Synthica’s new facility in San Antonio, Texas. Archer Weste...

France >>  10/24/2024 - Technip Energies (Paris: TE) and Enerkem Inc. announce the official signing of their Collaboration Agreement, solidifying their commitment to accelera...
United States >>  10/24/2024 - For the first time, the Detroit Metropolitan Airport (DTW) will have the opportunity to use Sustainable Aviation Fuel (SAF), thanks to Montana Renewab...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.