McDermott Awarded Second CATOFIN PDH Technology Contract for Advanced Petrochemical Company in Saudi Arabia
- New Propane Dehydrogenation (PDH) technology award based on the latest generation CATOFIN PDH process by McDermott's Lummus Technology and Clariant
HOUSTON, May 21, 2020 /PRNewswire/ -- McDermott International, Inc. today announced that it has been awarded a sizeable* technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochermical Co. (APC). McDermott's Lummus Technology will provide the license and basic engineering package of a C3 CATOFIN unit at its new grassroots petrochemical complex in Jubail, Kingdom of Saudi Arabia. The unit will have a propylene production capacity of 843,000 metric tons per annum.
"The CATOFIN technology that Lummus licenses worldwide, alongside our partner Clariant, provides a highly reliable, lower-cost route to propylene, with a lower carbon footprint. APC's decision to proceed with CATOFIN technology for their second unit is a testament to the successful operation of their PDH unit and consistent performance as a top quartile PDH complex," said Leon de Bruyn, Senior Vice President, Lummus Technology.
This is APC's second CATOFIN unit in their portfolio, having previously licensed the technology for their first unit in 2003—also in Jubail, KSA.
The CATOFIN process operates at optimized reactor pressure and temperature to maximize propylene yield. This plant will utilize Clariant's latest generation CATOFIN catalyst system, including the company's patented metal-oxide Heat Generating Material (HGM) to deliver maximized selectivity at high conversion rates and long run lengths.
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 3,400 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 2020 backlog.
* McDermott defines a sizeable contract as between USD $1 million and 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 more than 42,000 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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Investor Relations
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+1 281-870-5269
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Lummus Technology Media Relations
Matt Braud
Global Communications and Marketing, Lummus Technology
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+1 225 335 3392 (cell)
Matthew.Braud@mcdermott.com
McDermott International, Inc.
Web Site: www.mcdermott.com
