Advanced Refining Technologies LLC (ART), the joint venture of US specialty chemicals and materials company W. R. Grace & Co. (GRA) and US energy company Chevron (CVX), has announced the award of an FCM agreement by state-owned Bahrain Petroleum Company (Bapco).
The exclusive, 5-year agreement, which includes an option to renew for an additional five years, is valued at USD 240M, the largest catalyst management agreement ever signed in Bapco’s history.
As part of the BMP, Bapco will boost Bahrain’s oil refinery processing capacity from 267,000 (b/d) to 380,000 (b/d). In addition, ART will supply its Resid Hydrocracking catalyst technology for a wide variety of feedstocks to maximize the bottom of the barrel upgrading. The technology is the industry-leading catalyst for metals capacity and sediment control. In addition, ART will provide FCM services for the reclamation of metals from spent catalysts.
The signing ceremony took place on 11 August 2021 at Bapco Club in Awali, in the presence of Bapco’s Chairman and Chief Executive, and senior management, and representatives from Bapco, ART, and CLG.
When fully operational in 2023, the new Resid Hydrocracking unit known as 1RHCU will be the main profit centre for the Bapco Refinery. 1RHCU utilizes LC-FINING process technology licensed from Chevron Lummus Global (CLG), a joint venture between Chevron and Lummus Technology.
The unit is a two-train design with a processing capacity of 65,000 barrels per day. Bapco’s application of this state-of-the-art technology will be the first within the Middle East. Less than a dozen of these units exist globally, and the Bapco unit will be one of the largest examples.