India: Technology Agreement Mc Dermott Wins Contract for Indmax Technology from IOCL
Mc Dermott International has been awarded the technology contract for a fluid catalytic cracking unit in Haryana, India. The contract includes technology license, basic engineering, proprietary equipment, training and technical services.
Houston/USA – Mc Dermott International has recently announced that it has been awarded a sizeable technology contract by Indian Oil Corporation (IOCL). The contract involves the technology license, basic engineering, proprietary equipment, training and technical services for a grassroots Fluid Catalytic Cracking (FCC) unit. The facility will be using the Indmax technology, licensed by Mc Dermott's Lummus Technology and developed in partnership with IOCL.
This FCC unit is part of a refinery expansion project for IOCL to grow into petrochemicals at the complex in Panipat, Haryana, India. Lummus Technology is the exclusive worldwide licensor of the Indmax Technology, which is a unique solution for vertical integration of refinery and petrochemical complexes and offers better product yields with lower capital and operating expenditures.
The Indmax Technology combines the proprietary and innovative Indmax catalyst and process concepts developed by the premier Research & Development Centre of IOCL with state-of-the-art FCC technology and hardware design features of Lummus Technology. "IOCL has been an important partner to us for many years and we look forward to the continued relationship by participating in this refinery expansion project," said Leon de Bruyn, Senior Vice President of Mc Dermott's Lummus Technology business. "IOCL currently operates Indmax units at its Paradip and Guwahati refineries, and is now in the process of commissioning another at its Bongaigaon refinery."
This award will be reflected in Mc Dermott's second quarter 2019 backlog.