31 May 2017 at 2 pm. (EET)
Neste Jacobs awarded EPCM services contract for hydrogenation technology investment at Haltermann Carless' production site in Germany
Neste Jacobs, a global solution provider of high-quality technology, engineering and project services and Haltermann Carless, a well-established HCS Group brand and leading provider of high-value specialty hydrocarbons, have signed an EPCM services contract. Neste Jacobs will perform the EPCM services for an upgrade and expansion of the Haltermann Carless' production site in Speyer, Germany. Neste Jacobs has also performed the front end design and will be the technology provider for the investment subject to the approval of the local and environmental authorities. The project is targeted to be in production by the end of 2018. The parties had previously signed a Letter Of Intent for EPCM services.
A versatile hydrogenation unit, based on Neste Jacobs' NExSAT technology, will enable Haltermann Carless to process larger feedstock volumes and respond to the increasing demand for very low aromatic oils and specialty hydrocarbon chemicals, thus opening a wider range of possibilities for its customers. Neste Jacobs' proprietary NExSAT technology is developed to produce high-quality hydrocarbon products that meet today's stringent standards for low impurity, aromatic and olefin content.
"As an important part of our company's development strategy, we look forward to the support of Neste Jacobs in the engineering and construction of the plant", comments Duncan Stonehouse, Chief Supply Chain Officer of HCS Group. "It will bring us an essential extension of production capacity to support the increasing demand for our specialised products. Neste Jacobs' experience in hydrogenation technology and project management will be an indispensable part of our project progress."
"This is yet another great example of our abilities to provide technology and all related engineering and project management services for the focused fast-track project execution. The project will continue to implementation phase without delays and we are eager to see our flexible NExSAT aromatic and olefin hydrogenation technology implemented and in commercial use at the Speyer site", says Jarmo Suominen, Chief Executive Officer of Neste Jacobs.
Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the fields of oil and gas, petrochemicals, chemicals, biorefining, biochemicals, biopharma and industrial infrastructure. We have 60 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asia and the Middle East. In addition to our home market Nordic countries we are looking to grow in the global expanding markets. We employ over 1300 professionals globally. www.nestejacobs.com
About HCS Group
The HCS Group is a leading global supplier of solutions for high-value hydrocarbon specialties. The Group includes the brands Haltermann Carless, ETS Racing Fuels and EOS. The HCS Group has about 500 employees and is headquartered in Frankfurt am Main, Germany. The company belongs to H.I.G. Europe, a subsidiary of the US private equity company, H.I.G. Capital. For further details please visit www.h-c-s-group.com
About Haltermann Carless
Haltermann Carless, one of the oldest chemical companies in the world, provides innovative hydrocarbon-based specialty products and solvents and associated services to best serve its customers. The company operates a network of state-of-the-art facilities for refining, processing and blending to produce a wide variety of specialty products in key business areas: Middle Distillates, Oil & Gas, Pentanes, Performance Fuels, Performance Solvents and Special Aromatics. For further details please visit www.haltermann-carless.com