Lummus

The Chatterjee Group, Rhône Capital Complete Joint Acquisition of Lummus Technology

Wednesday, July 1, 2020 - 12:44am

HOUSTON, June 30, 2020 /PRNewswire/ -- Lummus Technology today announced that Haldia Petrochemicals Limited, the flagship company of The Chatterjee Group (TCG), and investment funds affiliated with Rhne Capital have successfully completed the joint acquisition of Lummus from McDermott International.

Key Points: 
  • HOUSTON, June 30, 2020 /PRNewswire/ -- Lummus Technology today announced that Haldia Petrochemicals Limited, the flagship company of The Chatterjee Group (TCG), and investment funds affiliated with Rhne Capital have successfully completed the joint acquisition of Lummus from McDermott International.
  • "This new and notable chapter starts with Lummus being a standalone company, as we will be theonly major process technology licensor that is independent and privately held," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology.
  • Dr. Purnendu Chatterjee, Founder Chairman of TCG, added:"Our investments are both strategic and long-term, where most span across 25-30 years.
  • Rhne has invested in a diversified portfolio of companies including investments in the business services, consumer and industrial sectors.

McDermott Awarded Second CATOFIN PDH Technology Contract for Advanced Petrochemical Company in Saudi Arabia

Thursday, May 21, 2020 - 1:00pm

HOUSTON, May 21, 2020 /PRNewswire/ --McDermott International, Inc. today announced that it has been awarded a sizeable* technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochermical Co. (APC).

Key Points: 
  • HOUSTON, May 21, 2020 /PRNewswire/ --McDermott International, Inc. today announced that it has been awarded a sizeable* technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochermical Co. (APC).
  • McDermott's Lummus Technology will provide the license and basic engineering package of a C3 CATOFIN unit at its new grassroots petrochemical complex in Jubail, Kingdom of Saudi Arabia.
  • APC's decision to proceed with CATOFIN technology for their second unit is a testament to the successful operation of their PDH unit and consistent performance as a top quartile PDH complex," said Leon de Bruyn, Senior Vice President, Lummus Technology.
  • This is APC's second CATOFIN unit in their portfolio, having previously licensed the technology for their first unit in 2003also in Jubail, KSA.

McDermott Announces Chevron Lummus Global Technology Award by Southeast Asian Refiner

Wednesday, March 25, 2020 - 12:00pm

HOUSTON, March 25, 2020 /PRNewswire/ --McDermott International, Inc. today announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* contract by a Southeast Asian refiner for the license, engineering and supply of proprietary catalyst and equipment for its Lubricant Base Oil Group II Project to be built in Southeast Asia.

Key Points: 
  • HOUSTON, March 25, 2020 /PRNewswire/ --McDermott International, Inc. today announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* contract by a Southeast Asian refiner for the license, engineering and supply of proprietary catalyst and equipment for its Lubricant Base Oil Group II Project to be built in Southeast Asia.
  • "The lubricant base oil technology that we license through Chevron Lummus Global has helped our customers produce greater yields and better quality base oils, which was an important factor in the selection process of this project," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business.
  • "With the recent award of several new projects in the region, CLG cherishes solid, long-standing relationships with refiners in the Asia Pacific region."
  • McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

McDermott Awarded Technology Contract by Naftna Industrija Srbije in Serbia

Tuesday, December 17, 2019 - 11:55am

HOUSTON, Dec. 17, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije(NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.

Key Points: 
  • HOUSTON, Dec. 17, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije(NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.
  • "We are extremely pleased that NIS has again selected Lummus Technology to upgrade their refinery," said Leon de Bruyn, Senior Vice President of Lummus Technology.
  • "This award represents the first license of the Indmax FCC technology in Europe, demonstrating the increasing interest in Indmax FCC globally.
  • Previously, NIS has also selected the hydrocracking technology from Lummus Technology's joint venture, Chevron Lummus Global (CLG), as well as, more recently, Lummus Technology's delayed coking technology.

McDermott Announces Successful Startup of World's Largest Catalytic Dehydrogenation Plant

Thursday, July 11, 2019 - 12:00pm

HOUSTON, July 11, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the recent successful startup of the world's largest catalytic dehydrogenation plant, which is located at Hengli Petrochemical (Dalian) Refinery Co., Ltd.'s site in Liaoning Province, China, and uses McDermott's Lummus CATOFIN technology.

Key Points: 
  • HOUSTON, July 11, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the recent successful startup of the world's largest catalytic dehydrogenation plant, which is located at Hengli Petrochemical (Dalian) Refinery Co., Ltd.'s site in Liaoning Province, China, and uses McDermott's Lummus CATOFIN technology.
  • In addition to the technology license, McDermott also provided the process design package, training, and technical support for this plant.
  • "Lummus CATOFIN technology continues to be the dehydrogenation technology of choice, continually exceeding customer expectations for overall performance," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business.
  • McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

McDermott Awarded Polypropylene Technology Contract in India

Monday, May 13, 2019 - 12:00pm

The plant will use Lummus' proprietary Novolen reactors and proprietary NHP catalyst and will have the capability to produce a full range of leading polypropylene products for the Indian and regional markets

Key Points: 
  • The plant will use Lummus' proprietary Novolen reactors and proprietary NHP catalyst and will have the capability to produce a full range of leading polypropylene products for the Indian and regional markets
    "This license award is our fourth recent polypropylene technology award in India, and places Novolen technology number one for licensed polypropylene capacity in India, with a total capacity of 3,100 kilo tons per annum," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business.
  • 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.
  • *McDermott defines a sizeable contract as between USD $1 million and USD $50 million.
  • McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

McDermott Announces Chevron Lummus Global Technology Award in India

Wednesday, April 3, 2019 - 12:00pm

"This award represents the continued trust in our advanced delayed coking technology by Indian refiners and CPCL in particular," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business.

Key Points: 
  • "This award represents the continued trust in our advanced delayed coking technology by Indian refiners and CPCL in particular," said Leon de Bruyn, Senior Vice President of McDermott's Lummus Technology business.
  • "High flexibility of our coking technology to process opportunity crudes while maximizing yield of valuable products is beneficial for improved refinery margins."
  • 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.
  • McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

McDermott Awarded PDH (propane dehydrogenation) Technology Contract in Europe by INEOS

Wednesday, October 10, 2018 - 12:00pm

HOUSTON, Oct. 10, 2018 /PRNewswire/ --McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by INEOS for the license and engineering of a planned propane dehydrogenation (PDH) unit in Europe.

Key Points: 
  • HOUSTON, Oct. 10, 2018 /PRNewswire/ --McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by INEOS for the license and engineering of a planned propane dehydrogenation (PDH) unit in Europe.
  • The unit will utilize McDermott's Lummus Technology CATOFIN dehydrogenation process to produce 750,000 metric tons of propylene per year.
  • "INEOS has selected McDermott for its first major grassroots investment," said Daniel M. McCarthy, Executive Vice President of McDermott's Lummus Technology business.
  • "This award is a strong testament to the reliability and performance of our CATOFIN technology and catalyst."