The refinery, run by the joint venture between OOC and KPI, will be able to process 230,000 barrels of crude oil per day and occupy 900 hectares in the Duqm industrial zone, with expected investments of up to $15bn over the next decade.
DTL process technology converts light olefins, present in fluidised-bed catalytic cracking (FCC) off-gas, coker off-gas and other refinery streams, into high-octane gasoline blend stock, significantly increasing their value.
Scheduled to take place alongside the 9th GPCA PlastiCon on 14 March 2018, the awards will bestow accolades on companies and individuals across six different categories for their outstanding initiatives and achievements.
The new joint venture localises essential links for Saudi Aramco's supply chain related to offshore drilling and shipping activities, which will lead to optimised cost, reduced response times and improved agility for Saudi Aramco and its affiliates.
Winning a Green Apple Environment Award for 2017 is aligned with YRD's vision to become a model refinery by 2020 through the implementation of new technologies and initiatives, thereby enhancing its environmental, energy, and financial portfolios.