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Maire Tecnimont Signs Preliminary Agreement for Rosneft Grassroots VGO

10/29/2021

Maire Tecnimont S.p.A. announced this week that it has signed an Agreement of Intent with Rosneft regarding the construction of a grassroots Vacuum Gas Oil (VGO) hydrocracking complex to be placed at the Ryazan refinery site in Ryazan, Russia.

This preliminary contract would allow for a range of services to be performed by Maire Tecnimont for this proposed complex, including the project design, supply of equipment and materials, construction, start-up and commissioning, and project finance services for this VGO build. Rosneft is in the process of upgrading its refineries to increase Class 5 gasoline and diesel production, and this VGO complex would add to this plan by converting heavy petroleum products into Class 5 commercial products such as gasoline, kerosene, and diesel fuels.