WARSAW: Poland’s fuel giant Lotos said Tuesday that one of its subsidiaries has signed a contract worth around 304 million euros with Kinetics Technology, owned by Italy’s Maire Tecnimont Group, which will provide key installations for the Polish company’s effective refining (EFRA) project.
The contract covers the turnkey provision of a Delayed Coking Unit, a Hydrogen Generation Unit and a Coker Naphtha Hydrotreating Unit, Lotos said. It added that the total expected cost of the project was around 517 million euros. Lotos secured a loan of PLN 1.93 billion from a consortium of financial institutions to finance the EFRA project on June 30.
