McDermott awarded petrochemicals technology contract in Hungary

Source: press release, 23 May 2019

Lummus Technology’s petrochemical technology portfolio – one of the industry’s most diversified – includes building block processes for a wide range of products derived from olefins and aromatics
Lummus Technology’s petrochemical technology portfolio – one of the industry’s most diversified – includes building block processes for a wide range of products derived from olefins and aromatics (photo: McDermott)

McDermott International, Inc. has 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 100,000 MTA of polymer grade propylene from steam cracker and refinery feedstocks, utilising Lummus’ proprietary OCT, and CDHydro® Deisobutenizer. 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 honored by MOL’s selection to use OCT for integration into their petrochemicals business,” says 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.

Note: McDermott defines a sizeable contract as between USD 1 million and USD 50 million.