) ROSE (Residuum Oil Supercritical Extraction) technology was
selected by Japan's JX Nippon Oil and Energy Corporation for its
refinery expansion project. This is the second time the latter is
using this state-of-the-art technology.
The ROSE technology is an efficient solvent-extraction for
recovering higher value products from oil residues. ROSE units
yield deasphalted oil -- which are excellent feedstocks for fluid
catalytic crackers and hydrocrackers -- and also recover resins
and asphaltenes that have a variety of uses.
This time JX Nippon Oil and Energy Corporation will be
utilizing this technology for its Kashima refinery expansion.
Deasphalted oil (DAO) extracted from the ROSE units contains less
quantities of asphaltene which help reduce catalyst consumption;
thereby improving efficiency of downstream hydroprocessing
Ultimately, this technology is expected to increase the
profitability of the refinery. The expansion of the Kashima
refinery project is expected to complete by 2015 end.
KBR is an industrial construction and engineering facility
provider, offering services to hydrocarbon, chemical and
petrochemical industries. KBR has a 60 year old legacy of
providing construction and maintenance services. Going forward,
with growth of demand for construction and maintenance services,
we expect the company to secure more contracts.
KBR currently has a Zacks Rank #2 (Buy). Some other stocks
worth considering at the moment include
Jacobs Engineering Group Inc.
Pernix Group, Inc.
). All three carry a Zacks Rank #2 (Buy).
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