McDermott Announces Chevron Lummus Global Technology Award for Indian Oil Corporation Ltd.'s Haldia Refinery
- Plant utilizes Chevron Lummus Global ISODEWAXING and ISOFINISHING technologies
Houston, July 30, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* license and engineering contract for a 270 TMTPA (thousand metric tons per annum) Lubricants Base Oil plant at Indian Oil Corporation Ltd.'s Haldia Refinery in West Bengal, India. The plant will use CLG's ISODEWAXING and ISOFINISHING technologies.
The Haldia unit will be designed to primarily produce premium API Group III base oils by processing unconverted oil from an upstream hydrocracking unit. Growth is projected in India's base oil market, and the new unit will help reduce dependence on imported base oils.
"CLG's lubricants technologies provide worldwide licensees with vast commercial experience, superior performance and optimum utilization of existing assets," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business.
This contract was signed in the second quarter of 2019.
McDermott's Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering. With a heritage spanning more than 100 years, encompassing approximately 3,100 patents and patent applications, Lummus Technology provides one of the industry's most diversified technology portfolios to the hydrocarbon processing sector.
* McDermott defines a sizeable contract as between USD $1 millionand USD $50 million.
About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
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Source McDermott International, Inc.
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