TechnipFMC has completed the remaining conditions that are required to enable work to commence on the Engineering, Procurement and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.
The major (1) EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit and a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming proprietary technology. The project also includes other process units, interconnecting, offsites and utilities.
According to the company, the project supports the Egyptian Government’s Energy Transition strategy and will reinforce the economic growth of rural areas while minimising environmental emissions and reduce the export bill of the government. The complex is to transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into 2.8 million tons per year of cleaner products.
The contract award is to be included in the Company’s fourth quarter 2020 inbound orders. According to TechnipFMC, a ‘major’ contract is over $1 billion.
Egyptian Government’s Energy Transition strategy
In all the country’s energy-related activities, it depends on three major sources which are oil, natural gas and the hydroelectric power generated from large dams’ projects over the Huge Dam, Aswan I and Aswan II dams. Egypt aims to generate 20% renewables in electricity generation by 2022 and 42% by 2035.
