Saudi Aramco and Chevron subsidiary will cooperate to develop heavy oil processing technology

According to a Moscow report on the ICIS-MRC website on December 14, according to information from the Hydrocarbon Processing Network, Chevron Lummus Global Co.
, Ltd.
(CLG) and Saudi Aramco have announced that they have signed a joint cooperation and licensing agreement for joint development.
And approved Saudi Aramco's Heavy Oil Processing Technology Initiative (HOPI+)
.

HOPI+ aims to use CLG's LC-rectification platform (collectively referred to as LC-HOPI+) to achieve a relatively high conversion rate of vacuum residue and other usable heavy feedstocks including incremental crude oil
.

The LC-HOPI+ innovation process is expected to help minimize capital expenditures and operating expenditures, and significantly increase the profit margin of bottom-of-the-bucket upgrades
.

In 2019, Saudi Aramco technicians joined CLG's R&D facility team in Richmond, California to create and develop initial concept pilot tests
.

CLG Managing Director Ujjal Mukherjee said that the combination of HOPI+ and CLG’s LC-rectification platform is an innovative concept that can simultaneously increase heavy oil production and convert residues into valuable transportation fuels and petrochemical feedstocks, while maximizing Reduce capital investment and energy costs
.

Chevron Lummus Global and Saudi Aramco now intend to jointly develop the LC-HOPI+ technology before CLG's global commercialization