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.
As part of this project, McDermott’s Lummus Technology will provide the license and basic engineering for the Indmax FCC technology and a grassroots CDEtbe® unit for production of bio ethanol base Ethyl Tertiary Butyl Ether (ETBE). The state-of-the-art Indmax FCC technology, which was jointly developed by Indian Oil Corporation (IOCL) and Lummus, will shift the yield of the existing FCC unit toward production of valuable olefins and higher-octane naphtha. Part of the olefins will be converted with bio-ethanol to ETBE using Lummus’ CDEtbe® technology, which is used as a clean, octane-boosting gasoline-blending component.
“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. It also demonstrates our ability to supply integrated and optimized solutions to our clients from our broad portfolio of technologies. NIS will benefit from the added process flexibility and improved economics for many years to come.”
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.