SPEC signs accord with UOP
The Dubai based company, SPEC Energy DMCC (SPEC) is pleased to confirm that it has signed an Engineering Agreement with UOPL, A Honeywell Company, for setting up a 20,000 BPD Oil Refinery in Pakistan. SPEC and UOPL have signed Licensing Agreements for UOPL Process Units in the same connection.
Under the terms of the Agreement, UOP will execute the Process Engineering for Crude Fractionation Unit, Par-Isom Unit, Naptha Hydrotreater Unit, Distillate Hydrotreater Unit, Fixed Bed Platforming Unit, LPG Merox Unit and Kero Merox Unit. The execution of the Engineering shall take place in UOP's Chicago Office, USA and is expected to be completed by the End of August, 2016.
The produced diesel and motor gasoline products from this refinery will meet Euro 4 specifications which is indeed the best specifications in the international market. SPEC is delighted to announce that it is going to be the first refinery in Pakistan to meet Euro 4 specifications which shall comply with the highest standards of quality of the gasoline and diesel products.
SPEC has acquired a land in Pakistan already for this refinery project and the civil works have already started. SPEC will be executing 100% manufacturing of this refinery under UOP design at its manufacturing facilities in Dubai and Lahore. SPEC will be fabricating 70% of the equipment's at its manufacturing facility in Sundar Industrial Estates, Lahore. This will generate opportunities for the local manpower and save hundreds of millions of dollars.