February 27, 2008 -- German industrial conglomerate ThyssenKrupp AG (TKA.XE) Wednesday said Uhde GmbH, part of the company's Technology segment, won two orders worth a total of around EUR100 million from Russia's Lukoil Holding (LKOH.RS) to engineer and supply clean-fuels plants in Bulgaria.

Uhde won against international competition two major contracts from the Bulgarian company Lukoil Neftochim Bourgas AD to engineer and supply clean-fuels plants for diesel and gasoline desulfurization for its refinery located in Burgas on the Black Sea.

The refining plants for the production of low-sulfur fuels have respective annual capacities of 1.6 million tons of diesel and 1.1 million tons of gasoline, and are scheduled to come on-stream in 2009.

Together, the two contracts are worth in total some EUR100 million to Uhde.

Uhde's scope of supplies and services comprises the detail engineering, supply of equipment, construction support, commissioning supervision and training of the operating personnel.

The gasoline desulfurization plant will be based on an AXENS process and a Haldor Topsoe process will be used for the production of low-sulfur diesel. With a sulfur content of less than 10 parts per million, future production will comply with the E.U. fuel directive in force since 2005.

This thus marks the switch to low-sulfur fuels of one of the biggest refining companies in Bulgaria, which joined the European Union January 2007.

Source: Dow Jones International News