McDermott wins petrochemicals technology contract in Hungary

McDermott wins petrochemicals technology contract in Hungary
Published: 27 May 2019 - 6 a.m.
By: Martin Menachery
McDermott International announced that it has been awarded a sizeable technology contract by MOL Petrochemicals for the basic engineering, technology license, catalyst and front-end engineering design (FEED) for an olefins conversion technology (OCT) unit at MOL's petrochemicals complex in Tiszaújvaros, Hungary.

Once complete, this unit will have a production capacity of 100,000mta of polymer grade propylene from steam cracker and refinery feedstocks, utilising Lummus' proprietary OCT, and CDHydro Deisobuteniser. The unit will also produce an isobutene-rich stream.

Lummus Technology's OCT is the most economical and commercially proven route to on-purpose propylene production, with very low energy consumption due to its energy-neutral chemistry, and low feedstock consumption due to high selectivity.

"We are honoured by MOL's selection to use OCT for integration into their petrochemicals business," said Leon de Bruyn, senior vice president of McDermott's Lummus Technology business.

"OCT is recognised as the most economical route for utilising C4 and C5 feeds from a steam cracker, or refinery to increase propylene production in a petrochemicals complex."

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.

This award will be reflected in McDermott's second quarter 2019 backlog.

McDermott defines a sizeable contract as between $1mn and $50mn.

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