Haifa Refinery Project
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Summary Information
- Ownership: ORL
- Website: http://www.orl.co.il/
- Wiki Page: Haifa Refinery
- Location: Haifa, Israel
- Capacity: million tons/annum & bbl/day
- Nelson Complexity: 7.4 / 9
- Project Stage: Commissioning
- Expected Completion: 2012
- Budget: $500 million
+++ The Project
- Project Type: Upgrade
- Project Summary: The project involves the addition of a Hydrocracker. Once established, the Hydrocracker is expected to increase the Company's Nelson Complexity Index (NCI), currently 7.4, to over 9.
- Main Contractors:
+++ Refining Units
- Hydrocracker - 25,000 bpd
+++ Terminal Capacity
- Crude Oil:
- Refined Products:
+++ Crude Supply
- -
+++ Products Produced
- The yield of jet fuel and diesel will increase
+++ History
- 2008 - ORL board approves Hydrocracker project
- 2009 - ORL board approves project at reduced cost
+++ Other Information
- As part of the financing framework the Company signed an agreement of principles to receive $600 million dollars in financing from a syndicate of local banks, led by Bank Hapoalim.
- Additionally, the US Congress has approved a $300 million backing from Ex-Im Bank, designated for the financing of equipment to be purchased outside of Israel.
+++ Relevant Links
