Cambodian Petrochemical to license KBR's Veba Combi-Cracker technology
Engineering, construction and services company KBR has received a contract from Cambodian Petrochemical (CPC) to provide licensing and basic engineering services for its Veba Combi-Cracker (VCC) unit with a capacity of 1.2mmt per annum (mmtpa).
Set up in the Kampong Som Petrochemical Industrial Zone, Cambodia, the VCC unit will process refinery vacuum residues into high value naphtha and Euro 5 diesel products.
CPC chief executive officer Li Chengchun said the VCC technology was chosen after careful evaluation of the process.
"The high residue conversion and finished products quality will significantly improve the economics of our facility," Chengchun added.
"VCC can process a wide range of residues and fuel oil, which greatly enhances our crude flexibility and had a big influence on the selection of our refinery configuration."
The engineering, procurement and construction (EPC) contractor for the unit, Tianjin Petrochemical Engineering Design (TPED), has executed the agreements on behalf of CPC. TPED general manager Jiang Huadong said the EPC contractor is critical to the successful implementation of a new technology.
"TPED is committed to build this unit in accordance with CPC's quality, schedule and cost requirements."
KBR Technology president John Derbyshire said the contract marks the company's fourth license since acquiring the right to license VCC in 2010.
"The other three units are under construction," Derbyshire added.
The 5mmtpa facility is the first refinery in Cambodia and is funded by the Cambodian National Petroleum Authority, Cambodian HKT Special Economic Zone and Hong Kong Diamond Industry. Built by China Perfect Machinery, the refinery is scheduled to start up in 2015 and is anticipated to support the country's economic development.