McDermott awarded olefins technology contract in Thailand
HOUSTON, /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced that it has been awarded a sizeable* technology contract for Map Ta Phut Olefins Co., Ltd.'s (MOC) petrochemical plant in Rayong Province, Thailand. MOC is a joint venture company of SCG Chemicals Company Limited, which is a wholly owned subsidiary of SCG, and the Dow Chemical Company.
McDermott will provide the basic engineering and license of Lummus' olefins technology and will design and supply the proprietary SRT® III heater for the MOC Debottleneck Project, a parallel gas cracker added to increase plant capacity which will utilize Lummus' side cracker technology, including a low pressure chilling train and enhanced binary refrigeration.
"We have worked with Map Ta Phut Olefins since their first project in 2005," said Daniel M. McCarthy, Executive Vice President of McDermott's Lummus Technology business. "This additional capacity will be realized by using our unique side cracker technology, which permits the
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 3,100 patents and patent applications, Lummus Technology provides one of the industry's most diversified technology portfolios to the hydrocarbon processing sector.
Portions of this award were booked in prior quarters. The heater supply will be reflected in McDermott's third quarter 2018 backlog.
* McDermott defines a sizeable contract as between USD $1 million and USD $50 million.
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