US Engineering firm, McDermott announced in a statement that, it has secured a technology contract by Advanced Global Investment Company (AGIC), a wholly-owned subsidiary of Advanced Petrochemical Co. (APC).
The project located is in Jubail Industrial City, the eastern region of Saudi Arabia.
The engineering and construction company did not provide the actual value of the contract but specified that as per its classification, the sizeable project is in the range of USD $1million to USD $50million.
McDermott’s Lummus Technology will supply the license and basic engineering package of a C3 CATOFIN unit at its new grassroots petrochemical complex. The unit will have a propylene production capacity of 843,000 metric tons per annum(mt/a).
“This is APC’s second CATOFIN unit in their portfolio, having already licensed the technology for their first unit in 2003, also in Jubail, KSA.
The CATOFIN process operates at optimized reactor pressure and temperature to maximize propylene produce. This plant will utilize Clariant’s latest generation CATOFIN catalyst system, together with the company’s patented metal-oxide Heat Generating Material (HGM) to deliver maximized selectivity at high conversion rates and long-run lengths.
“The CATOFIN technology that Lummus licenses worldwide, side by side our partner Clariant, supplies a highly reliable, lower-cost route to propylene, with a lower carbon footprint. APC’s conclusion to proceed with CATOFIN technology for their second unit is a testament to the successful operation of their PDH unit and compatible performance as a top quartile PDH complex,” said Leon de Bruyn, Senior Vice President, Lummus Technology.