Kentz secures €25.5m refinery deal

KENTZ Corporation, founded in Clonmel in 1919 has secured a $35 million (€25.5m) contract from the National Petroleum Refiners of South Africa (Natref).

The Natref Crude Refinery in Sasolburg, is a joint venture between Sasol Mining (Pty) Ltd and Total South Africa (Pty) Ltd and is the only inland crude refinery in South Africa.

Commissioned in 1971, it incorporated leading technology to process majority white products including diesel, petrol, jet fuel and liquefied petroleum gas from medium gravity crude oil.

The Kentz contract is for the shutdown, management and execution services at Natref, including planning, preparation and execution of all shutdowns and turnarounds over a five-year period.

Hugh O’Donnell, chief executive of Kentz, said congratulations were due to the team who secured this “prestigious services contract at one of region’s flagship refineries”.

It builds “on the strong track record Kentz has developed over 18 years” for the delivery of asset enhancement services to the group’s clients in Southern Africa.

“We very much look forward to building a lasting relationship with the Natref team,” he said.

Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors.

Listed on the AIM market of the London Stock Exchange Kentz in 2009 generated sales of $704.7 million (€515.3m) and a pre-tax profit of $44.5 million.

It employs over 10,500 in 27 countries.

Its three main business lines are; specialist engineering, procurement and construction (EPC) services, construction, and technical support services.

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