(EnergyAsia, January 2, Friday) — UK-based KBC Advanced Technologies plc (KBC) said it has been appointed technical consultant for a major project for Hyundai Oilbank (HDO) in South Korea.

KBC will be providing front-end engineering design (FEED) supervision services over the course of the 10-month contract for Hyundai Oilbank which is undertaking a multi-billion dollar upgrading complex in Daesan city.

KBC has contributed to the project from its inception. It started off as a process licensor, and provided long-lead item evaluation and selection services and PMC/FEED contractor evaluation and selection work. These services are part of KBC’s capital excellence range of services. 

Formerly known as Kukdong Oil Refining Co Ltd, Hyundai Oilbank Co Ltd engages in refining and marketing petroleum products in South Korea. Its products include gasoline, diesel, kerosene, liquefied petroleum gas, bunker, benzene, paraxylene, low sulphur waxy residue, and jet fuel. The company also produces petrochemicals.

The Dasean-based company was founded in 1964. 

KBC Advanced Technologies plc, a leading independent consulting, process engineering and software group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide.