Chinese operator lets contract for petrochemical unit
Nov. 7, 2019
Formosa Chemicals Industries (Ningbo) Co. Ltd., a subsidiary of Formosa Chemicals & Fibre Corp., has let a contract to McDermott International Inc. to provide technology licensing and basic engineering services for a grassroots alpha-methylstyrene (AMS) recovery unit at its petrochemical operations in Ningbo, Zhejiang Province, China.
The 10,000-tonne/year unit will be equipped with AMS technology jointly licensed by McDermott’s Lummus Technology and Eni SPA subsidiary Versalis SPA, McDermott said.
The service provider valued the contract award—which represents the first licensing of AMS technology—at $1-50 million, which was reflected in McDermott's second-quarter 2019 backlog.
McDermott did not reveal a timeframe for the project’s completion.
Contact Robert Brelsford at [email protected].
Robert Brelsford joined Oil & Gas Journal in October 2013 as downstream technology editor after 8 years as a crude oil price and news reporter on spot crude transactions at the US Gulf Coast, West Coast, Canadian, and Latin American markets. He holds a BA (2000) in English from Rice University and an MS (2003) in education and social policy from Northwestern University.
