from NVX media release
“TAQAT announced that it has signed a Memorandum of Understanding (“MOU”) with Rabigh Refinery & Petrochemical Company (“Petro Rabigh”). Petro Rabigh intends to supply TAQAT Decant Oil and TAQAT intends to build a petroleum needle coking facility, using Chevron Lummus Global proprietary Needle Coke technology. This will allow for the JV to access high quality local precursor material within Saudi Arabia”
This is much like Santos using ConocoPhillips technology in Gladstone for LNG production for example.
it is Taqat building a facility in the refinery to produce needle coke. Taqat uses the design and technology from CLG.
the product from this Taqat plant in the refinery is then moved to the anode facility. Taqat/NVX JV.
Media Watch - NVX related, page-10114
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