KBR| Petropipe

KBR signs MoU with L&T Hydrocarbon Engineering for Refinery and Petrochemical Projects

KBR has signed a memorandum of understanding with L&T Hydrocarbon Engineering Ltd (LTHE) for refinery and petrochemical projects.

Under the terms of the agreement, KBR and LTHE will collaborate to develop business opportunities for which KBR will license proprietary technology and engineering services and LTHE will be the EPC provider. LTHE will exclusively bid for projects globally, with specific focus in India, South East Asia, the Middle East and Africa involving KBR’s solid acid alkylation technology (K-SAATTM), solvent de-asphalting technology (ROSE®) and catalytic olefins technology (K-COTTM).

K-SAAT is KBR’s next generation solid acid alkylation technology that provides high alkylate yield and high feed flexibility. KBR’s solvent de-asphalting technology, ROSE, has more than 90% market share among solvent de-asphalting technologies. KBR’s K-COT is a catalytic olefins technology that converts low-value olefinic, paraffinic or mixed streams into high-value propylene, ethylene and aromatics.

“This MoU brings together KBR’s century-long technology expertise and LTHE’s strong capability as a major EPC player and modular solution provider,” said Doug Kelly, KBR President, Technology Solutions. “KBR’s innovative and reliable process technologies have been helping refinery and petrochemical plants globally to optimize production and reduce operating costs.”

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

  • Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
  • Technology Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics
  • Energy Solutions, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services

KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Source: KBR Press Release

UAE constriuction projects| petropipe

Malaysia’s Serba Dinamik wins $1.8bn EPC deal from Block 7 in Abu Dhabi

Bursa Malaysia-listed Serba Dinamik Holdings has secured an engineering, procurement, and construction (EPC) services contract worth $1.8bn (AED6.6bn) from US-based Block 7 Investments at the UAE capital, Abu Dhabi.

The EPC contract has been awarded to Serba Dinamik International Ltd (SDIL), a wholly-owned subsidiary of Serba Dinamik Holdings.

In a stock market filing Serba Dinamik said that the project covers three areas of interest including, the Innovation Hub, which includes the development of offices, restaurants, exhibition centres, and IT centres; Academic Campus; and accommodation which includes apartments and hotels, spanning a total built-up area of 455,000m2.

The scope of work includes, but is not limited to, designing, engineering, procuring, supervising, managing, supplying, transporting, constructing, commissioning, and the remedying of any defects in connection with the project works.

The company said that work on the project will commence on 14 May 2020.

It added in the missive: “The project forms part of Block 7’s initiatives to create a global incubator for the advancement of innovators for the technology, property, financial as well as energy sectors, to be positioned as a new landmark for Abu Dhabi.”

Under the terms of the agreement, the company said that it would be “liable for damages in the event of its failure to comply with the Time for Completion with a maximum amount of 10% of the Contract Price”.

Serba Dinamik will complete the project works within 1,460 days from the commencement date, with the contract award expected to contribute positively to the company’s net assets, consolidated earnings, and earnings per share for the financial year ending 31 December 2020.

It is expected to contribute positively to Serba Dinamik’s financials for the financial year ending Dec 31, 2020, it added.

Source: https://bit.ly/2ROeQv5