McDermott wins fluid catalytic cracking unit contract for Panipat Refinery
McDermott International has received a technology contract for grassroots fluid catalytic cracking unit (FCC unit) for the Panipat Refinery in Haryana, India owned by Indian Oil Corporation Limited (IOCL/ IndianOil).
With a value between $1 million and $50 million, the contract involves technology license, basic engineering, proprietary equipment, training and technical services.
The fluid catalytic cracking unit of the Panipat Refinery will use Indmax technology, licensed by McDermott’s Lummus Technology, and developed in partnership with IndianOil.
Indmax technology is a solution designed for vertical integration of refinery and petrochemical complexes, which is said to give better product yields with reduced capital and operating expenditures.
The technology is developed using IOCL’s Indmax catalyst and process concepts, and Lummus’s FCC technology and hardware design features.
Leon de Bruyn – Senior Vice President of McDermott Lummus Technology business said: “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.
“IOCL currently operates INDMAX units at their Paradip and Guwahati refineries, and they are in the process of commissioning another at their Bongaigaon refinery.”
The fluid catalytic cracking unit is part of IOCL refinery expansion project aimed at growing into petrochemicals at the Panipat Refinery.
McDermott provides technology, engineering and construction solutions to the energy sector. The company’s resources include a diversified fleet of specialty marine construction vessels and fabrication facilities around the globe. Operating in more than 54 countries, it employs close to 32,000 people.
The company’s Lummus Technology provides diversified technology portfolios to the hydrocarbon processing industry and consists of nearly 3,100 patents and patent applications.