August 2014

Refinery of the Future

Case history: Modernization of Russia’s refining industry—Part 2

Russia’s refining industry is set to make major changes to improve profitability and produce cleaner transportation fuels. Such changes will enable the refining industry to export cleaner fuels t..

Levinbuk, M., RAS, A.V. Topchiev Institute of Petrochemical Synthesis, Gubkin Russian State University of Oil and Gas; Galkin, V. V., Makhiyanov, V., Gazprom Neft

Russia’s refining industry is set to make major changes to improve profitability and produce cleaner transportation fuels. Such changes will enable the refining industry to export cleaner fuels to Europe. These decisions will be based on evaluating the present refineries and their ability to be revamped and remain profitable under new laws and export duties as discussed in Part 1. Optimizing the refining assets As summarized in Table 1, the general performance indicators for all of the possible refining configurations are listed. They include processing heavy oil residues and their breakdown. Most critical are the ROI and CAPEX required for each configuration. The takeaways from the a

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