- Technology award for Chennai Petroleum Corporation Limited grassroots refinery and petrochemical project in India
Houston, May 13, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, for the license, basic engineering design and proprietary catalyst supply for a 475 KTA (Kilo Tons per Annum) polypropylene plant in Nagapattinam, Tamil Nadu, India. The plant will use Lummus' proprietary Novolen® reactors and proprietary NHP® catalyst and will have the capability to produce a full range of leading polypropylene products for the Indian and regional markets.
"This license award is our fourth recent polypropylene technology award in India, and places Novolen technology number one for licensed polypropylene capacity in India, with a total capacity of 3,100 kilo tons per annum," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business. "The unique compactness of the Novolen reactor technology and resulting efficiencies in capital investment and operating costs allow our clients to be more competitive in the global polypropylene markets."
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.
This award was reflected in McDermott's first quarter 2019 backlog.
McDermott defines a sizeable contract as between USD $1 million and USD $50 million.
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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