Advanced Global Investment Co grants technology contract to McDermott International

By Backend Office, Desk Reporter
    Representational Image

    Advanced Global Investment Company, a wholly-owned subsidiary of Advanced Petrochemical Co. (APC) of Saudi Arabia has given a huge technology contract (estimated between $1 million and $50 million) to US-based technology, engineering and construction solutions provider, McDermott International.

    McDermott’s Lummus Technology will present the license and essential engineering unit of C3 CATOFIN at its new grassroots petrochemical complex in Jubail, Saudi Arabia. The assembly will have a propylene generation potential of 843,000 metric tonnes per annum.

    Leon de Bruyn,
    Sr. VP – Lummus Technology
    McDermott

    “The CATOFIN technology that Lummus licenses worldwide, alongside our partner Clariant, provides a highly reliable, lower-cost route to propylene, with a lower carbon footprint. 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.”

    This is APC’s second CATOFIN assembly in their collection, having earlier licensed the technology for their first assembly in 200 which was also in Jubail, KSA.

    The CATOFIN method works at optimized reactor stress and temperature to maximize propylene yield. This plant will use Clariant’s latest generation CATOFIN catalyst system, including the company’s patented metal-oxide Heat Generating Material (HGM) to achieve maximized selectivity at great conversion rates and long-run lengths.

    McDermott’s Lummus Technology is a principal licensor of exclusive petrochemicals, refining, gasification and gas processing technologies, and a supplier of exclusive catalysts and related engineering.

    With an operational history of more than 100 years, comprising approximately 3,400 patents and patent applications, Lummus Technology presents one of the industry’s most diversified technology portfolios to the hydrocarbon processing sector.

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