Technology Reunion And Hyundai Win $1.8 Billion Contract In Poland
2021-05-25 | by CusiGO
The technology collected has been selected by PKN Oran of Poland, which is the largest company in the fuel market of central and Eastern Europe. Together with Hyundai of Korea, it has expanded its industrial complex in Plock, Poland, This is considered to be the cornerstone of its petrochemical development plan. The project will involve an environmental investment of 1.8 billion euros, of which about half of the technology will be collected. This work will maximize the petrochemical potential of PKN by adding new capacity to existing facilities. This will help to improve the balance of European countries in this area.
The agreement was announced on Monday at an event organized by Polish Companies in industrial buildings, with the participation of Jacques Sassin, Deputy Prime Minister and Minister of national heritage; Daniel obaytek, President of the Council; Chang hag Kim, President of Hyundai Engineering, met with Juan llado, the first technical director.
“One of the most important aspects of the project is full compliance with the most stringent environmental protection requirements, consistent with community legislation in this area,” the engineering company said. In this regard, the plant will be one of the most advanced environmental technologies in the world. This investment will combine the petrochemical business with clean fuel production and optimize the utilization of raw materials and resources in both processes.
The project involves EPCC type contract, involving the full implementation of the project. This will include, in particular, a new KBr technology licensed olefin production unit and a product recovery system. The agreement confirms the increased international demand for petrochemical products due to the economic recovery after the pandemic, world population growth and increased demand for key industrial materials.
Tecnicas renidas is one of the most important international companies in the industry, with offices in 25 countries and more than 1000 factories in its 60 years of experience. Its business focuses on natural gas engineering projects, production and processing, development of industrial plants for clean fuels and petrochemical products, and promotion of advanced low-carbon technologies such as green hydrogen, There are more than 7500 employees in CO2 storage and capture, biofuels, waste recovery, etc., most of them are high-quality engineers, and their income will reach 3.5 billion euro by 2020.