Nayara looks at Vadinar EoIs

Despite continuing uncertainty over funding, Nayara Energy is moving ahead with evaluating EoIs under the $850m capacity expansion and petrochemical diversification at its 20m t/y Vadinar refinery.

Rosneft-affiliate Nayara has begun evaluating EoIs and bids received by September 16 to "revamp’ its Fluidised Catalytic Cracking Unit and set up a new 450,000 t/y propylene recovery unit, a polypropylene unit plus utilities or Package-1. EoIs were sent in by Saipem, TechnipFMC, Tecnimont and Larsen & Toubro.

Nayara’s Package-1 project consultant thyssenKrupp is believed to have submitted the Basic Design and Engineering Package (BDEP) while TechnipFMC will provide technology for the FCCU revamp. Meanwhile, L&T with Linde, Tecnimont, Saipem and TechnipFMC are learnt to have bid by the extended August 26 deadline to prepare an 'extended' or more elaborate BDEP with cost estimates for a proposed 450,000 t/y polypropylene facility, named Package-2.

From these four offers, Nayara is expected to shortlist two or three companies to receive EPC tenders. Nayara is rumoured to be short of funds for the expansion even though it has agreed to invest $100m for petrochemicals diversification.