http://www.mcdermott-investors.com/news/historical-cbi-news/historical-cb-i-news-details/2017/CBI-Announces-Residue-Upgrading-Te

abarrelfull wrote on 10 Oct 2018 17:01
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Nov. 14, 2017

CB&I (NYSE:CBI) today announced it has been selected by Indian Oil Corporation Limited (IOCL) for the license, engineering design and catalyst supply for a residue upgrading unit in Mathura, India. The unit will use Chevron Lummus Global's (CLG) LC-MAX™ and ISOCRACKING® technologies. The scope of work also includes the supply of catalysts, proprietary reactor internals, and training and technical services. CLG is a joint venture between Chevron U.S.A. Inc. and CB&I.

"This will be the first vacuum residue upgrading unit in India," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "The high-conversion rates offered will enable the IOCL refinery to eliminate fuel oil while producing high-quality diesel for the region."

CLG's ISOCRACKING and LC-MAX technologies provide the most flexible upgrade path of vacuum residue to lighter, premium products at an industry-leading conversion rate of 90 percent. The flexibility and high-conversion rates achieved by the technologies enable customers to reach a balance between stringent product specifications, product yield and cycle run-length, all with the benefit of lower capital investment and operating costs.

• [ http://www.mcdermott-investors.com/news/historical-cbi-news/historical-cb-i-news-details/2017/CBI-Announces-Residue-Upgrading-Technology-Award---First-Ever-Unit-in-India/default.aspx]

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