ABB technology provides cost-effective way to meet domestic and international environmental standards
Zurich, Switzerland, July 1, 1997 - ABB, the international engineering company, has won an order valued at more than US$100 million to modernize a refinery for one of Russia's largest companies. The order was placed by JSC Nizhnekamskneftekhim (NKNK) for its complex at Nizhnekamsk, 1,200 kilometers east of Moscow in the Republic of Tatarstan. NKNK produces refined petroleum products, chemicals and petrochemicals, as well as finished consumer products. The company is undertaking the project to reduce the sulfur content of its kerosene and gas oil products in line with environmental standards in Russia and its export markets in Eastern and Western Europe, North America and Asia.
The order was won by ABB Lummus Global and covers design, engineering, and procurement of a Middle Distillates Hydrotreating Complex. ABB's hydrotreating technology provides a cost-effective way to meet both existing and future environmental regulations through staged investments. The project will be financed in part through a loan guarantee from the Export-Import Bank of the U.S. under the
Oil & Gas Framework Agreement (OGFA) between the governments of Russia and the United States.
ABB Lummus Global is part of ABB's worldwide oil, gas and petrochemical business, which employs approximately 10,000 people. The ABB Group employs approximately 215,000 people with orders in 1996 of over US$ 36 billion.(End)
