Contract Awarded to Indian Oil Corporation Ltd.’s Haldia Refinery
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.
Source / More : McDermott International, Inc.
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