SPEC signs ac­cord with UOP

The Pak Banker - - NATIONAL -

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.

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