News | July 14, 2014

FEPCO And Far Eastern Branch Of RAS Signed Agreement On Scientific And Technical Collaboration

Far Eastern Petrochemical Company and Far Eastern Russian Academy of Sciences division have signed an agreement on scientific and technical collaboration.

As part of the agreement Far Eastern Petrochemical Company (FEPCO) and Far Eastern branch of Russian Academy of Sciences (FEBRAS) are going to realize a number of research programs relating to high-performance energy- and resource-saving technologies in the sphere of complex hydrocarbons processing. Moreover, the base of FEBRAS will be used as a site for training FEPCO specialists in the course of their doctorate studies at Academy of Sciences regional branches institutes.

The term of the contract is up to 2022. In this period of time FEBRAS specialists will have the possibility to participate in all stages of FEPCO project implementation. The joint work with Far Eastern scientists will be a supplementary guarantee in the problem of providing ecological security during the oil refinery complex construction and exploitation. Also in the course of project programs will be realized in the field of research and technical developments aimed at amplification of oil refining and petrochemical industry.

The construction of a modern petrochemical and oil refining complex in the Far East of Russia is one of the biggest Rosneft projects. Its realization is performed by Far Eastern Petrochemical Company (FEPCO).

The complex with designed capacity of up to 30 mln tons of hydrocarbon crude per year, which is planned to be situated in Partizansky district of Primorsky Krai, will start the formation of Far Eastern petrochemical cluster.

The project is a solution for several large-scale problems. The first one is to provide high-quality motor fuel for the growing needs of Far East regions. During peak demands FEPCO can produce more than 100 thousand tons of motor fuel per month.

The second problem is to shift away from exporting crude products to producing higher-value-added goods. The petrochemistry production – polymers – will come both on prospective markets of Asian-Oceanian countries and will be used for domestic manufacturing. The FEPCO project will be realized in three steps: I – petrochemical complex with planned efficiency of 12 mln tons of oil per year; II – petrochemical complex with planned efficiency of 3,4 mln tons of oil per year, III – oil refining and petrochemistry, making 12 mln tons per year and 3,4 mln tons per year respectively (the realization of the third step of the project is planned given that the corresponding market conditions exist).

SOURCE: Far Eastern Petrochemical Company

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