In a major move to strengthen its position in the Indian petrochemical market, Petronet LNG Limited has awarded a significant contract to Lummus Technology, a global frontrunner in process technologies. Lummus will license its cutting-edge Novolen polypropylene (PP) technology for a new high-capacity plant in Dahej, Gujarat. This new facility, with a production capacity of […]
In a notable development within the petrochemical sector, Lummus Technology, a pioneer in process technologies and energy solutions, has announced securing a contract from Hyundai Engineering & Construction Co. Ltd. This agreement entails Lummus Technology supplying eight proprietary Short Residence Time (SRT) ethylene cracking heaters to be installed at the Amiral petrochemical complex in the […]
Lummus Technology, globally recognized for its innovative process technologies and energy solutions, has announced a significant contract award from Saudi Ethylene and Polyethylene Company (SEPC), a joint venture of Tasnee Sahara Olefins Company (TSOC). This contract entails the design and supply of two Short Residence Time (SRT) ethylene heaters at SEPC’s complex in Al-Jubail, Saudi […]
S-OIL, a majority-owned company of Saudi Aramco, has started construction on the Shaheen petrochemical project in Ulsan, South Korea, which involves an investment of $7 billion. The groundbreaking ceremony of the Shaheen petrochemical complex was held under the presence of South Korean President Yoon and Saudi Aramco President and CEO Amin Nasser. Amin H. Nasser […]
Saudi Aramco, through its affiliate S-OIL, will construct a new petrochemical cracker in South Korea, the Shaheen petrochemical project, in an effort to maximize its crude to chemicals value chain. The $7 billion-worth Shaheen project in South Korea is expected to change crude oil into petrochemical feedstock and almost double S-OIL’s chemical yield to 25% […]
McDermott International has been awarded the next phase of an ethane cracking project in Russia from China National Chemical Engineering & Construction Corporation Seven (CC7). Last year, McDermott won a contract for the extended basic engineering on the petrochemical project. The same has been now expanded to cover the provision of the engineering and procurement […]
McDermott International said that it has wrapped up its restructuring process, emerging from Chapter 11 bankruptcy with $2.4 billion in letter of credit capacity and funded debt of $544 million. The energy industry services provider said that it had closed the sale of Lummus Technology to a joint partnership between Haldia Petrochemicals of The Chatterjee […]
McDermott International has won a propane dehydrogenation (PDH) technology contract from Advanced Global Investment Company, a fully-owned subsidiary of Advanced Petrochemical (APC) for a new petrochemical complex in Jubail in Saudi Arabia. As per the contract, McDermott’s Lummus Technology will give the license and basic engineering package of a C3 CATOFIN unit to the new […]
McDermott International has bagged a technology contract from Baltic Chemical Company (BCC) and an extended basic engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company (CC7) in Russia for a couple of ethylene crackers. The ethane cracking project is owned by Baltic Chemical Complex, which is a subsidiary of RusGazDobycha. Under the […]
McDermott International, a US-based provider of technology, engineering and construction solutions to the energy industry, will explore all possible options to assess the strategic and financial value of its technology business Lummus Technology. The move follows unsolicited approaches received by the company to acquire all or part of Lummus Technology for an enterprise value of […]