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Houston, Texas, October 16, 2008 — GTC Technology US, LLC (GTC) today announced that Petrochemical Holding GmbH, has chosen eight of GTC’s proprietary process technologies, CrystPX^SM, GT-BTX PluS^SM, GT-BTX®, GT-IsomPX^SM, GT-TransAlk^SM, GT-Aromatization, Pygas Hydrotreating, and Hydrodesulfurization for a major petrochemical project in its 3 MM tpa crude oil refinery in Oneşti, Romania. The aromatics complex, operated by S.C. Rafo S.A. is designed to produce 400 kta of Paraxylene and 200 kta of Benzene.  

 

The objective of the project is to generate paraxylene and benzene from low-value fuel streams. GTC’s innovative approach will upgrade the catalytic cracked products by direct recovery of aromatics from the FCC gasoline, with additional aromatics production from mixed olefins. The new configuration will completely eliminate motor gasoline production at the refinery. This approach is significantly less expensive and distinct from other processes, which recycle FCC gasoline to naphtha reforming as the means to generate aromatics.  

 

Mr. Andrey Yurkevich, Deputy General Manager of Petrochemical Holding GMBH said, “This is one of the most important projects in our investment program which will take an obsolete refinery and make it a profitable first-rate petrochemical facility. We are pleased to work with GTC Technology as the licensor for this complex. ”   

 

Mr. Joseph Gentry, Director of Technology for GTC added that “Rafo’s plant will have the maximum possible conversion of the hydrocarbons into high-value petrochemicals. GTC expects to re-use a substantial portion of existing assets at the site into the new mode of operation to lower the capital costs.”  

 

Petrochemical Holding GmbH, located in Vienna Austria has a range of real estate and energy businesses throughout Europe and CIS countries. Petrochemical Holding acquired the Rafo refinery in 2007 and has been systematically making technical and environmental upgrades.  

 

Headquartered in Houston, Texas, GTC Technology US, LLC is a global licensor of process technologies, offering engineering services, process equipment solutions, chemicals and catalysts to the chemical, petrochemical, refining and gas processing markets. With engineering, manufacturing facilities and a knowledgeable sales force located throughout the globe, GTC combines unparalleled industry expertise, powerful research capabilities and innovative thinking to deliver high-quality, strategic solutions for clients worldwide. www.gtctech.com