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Gazprom Neft’s Construction of A Catalyst Plant in Omsk Endorsed

Source: www.gulfoilandgas.com 2/14/2019, Location: Asia

Gazprom Neft, the Ministry of Industry and Trade of the Russian Federation and the Government of the Omsk Oblast have concluded a special investment contract on establishing a high-tech oil refining catalyst production facility.

The agreement was signed at the Russian Investment Forum in Sochi by Denis Manturov, Minister for Industry and Trade, Alexander Burkov, Governor of the Omsk Oblast, and Alexander Chembulaev, CEO of Gazpromneft Catalytic Systems.

This special investment contract stipulates Gazprom Neft’s commitments in terms of the construction and management of a modern domestic catalysts production facility in Omsk, and guarantees a consistent tax and regulatory regime on the part of the government. The complex’s 21-tonne-per-year catalyst production capacity will ensure the refining industry’s independence from foreign suppliers, create export opportunities, and create new, high-tech jobs in the region. Construction of the complex is expected to be completed by 2021.

Future catalyst production will be designed on the principle of full-cycle technology, allowing catalyst components and carriers to be produced from raw materials from Russian suppliers. Cutting-edge automated control systems and equipment will allow flexibility in modifying catalyst composition, meaning products can be adapted in line with client requirements. Quality control will be undertaken through the company’s own analytical laboratory and engineering centre — in which Russia’s first pilot catalytic cracking facility is already in operation. All catalysts and related production technologies are protected under 35 Russian and international patents.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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