Air Products Awarded Long-Term Hydrogen and Nitrogen Supply Agreement for Indian Oil Corporation

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Air Products, a world leader in industrial gases and large-scale project development, execution and operation, announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India. 

The new industrial gas complex will aid IOCL’s capacity expansion from six to nine million tonnes per annum producing Euro-VI or BS-VI compliant gasoline and diesel at its Barauni complex. The industrial gas complex will include the latest generation multi-feed hydrogen production facility supplying 70,000 normal cubic meters per hour (Nm3/hr) of hydrogen as well as steam, and a high-efficiency air separation unit producing 4,000 Nm3/hr of nitrogen. 

Air Products expects the new industrial gas complex for IOCL to come onstream in 2024. 

Air Products’ chief operating officer Dr. Samir J. Serhan said, “We are honored to work with IOCL, the largest petroleum refining company and largest Public Sector Undertaking in India. As one of the fastest growing economies in the world, our latest strategic investment in India will provide an efficient combination of industrial gas production technologies, enabling IOCL to meet ever-increasing transportation fuel demand. We look forward to reliably supplying IOCL’s industrial gas needs for decades to come.”

Juan Gonzalez, vice president, Large Project Business Development, Air Products Middle East, Egypt, Turkey and India, said, “We are proud to work with IOCL as they look to significantly expand their operations at Barauni. We look forward to bringing our global expertise, experience and world-class engineering capabilities to this project.” 

Once completed, the Barauni project will be Air Products’ second BOO project in India, after the Kochi Industrial Gas complex at BPCL’s Kochi Refinery.

Source: Air Products

Maire Tecnimont Group expands its footprint in India with an USD 170 Million EPCC contract by IOCL

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Maire Tecnimont S.p.A. announces that a consortium composed of its subsidiaries Tecnimont S.p.A. and Mumbai-based Tecnimont Private Limited has been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new polypropylene plant and the related product logistics facilities. The plant will be located in Barauni, in the State of Bihar, in North-Eastern India.

The overall value of the contract is about USD 170 million. The scope of work entails Engineering, Procurement, Construction and Commissioning activities up to the Performance Guarantees Test Run. The polypropylene plant will have a capacity of 200,000 tons per year and the time schedule is 30 months from the award date up to Mechanical Completion.

The new polypropylene plant will be part of IOCL’s Barauni Refinery capacity expansion project, which entails the installation of large grassroots units as well as revamps and upgrades to increase the capacity of current units. The Barauni Refinery Expansion project is part of IOCL’s plan to meet the growing domestic demand for added-value products needed to boost the Country’s manufacturing industry.

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “This is our sixth strategic EPC contract with a market leader such as IOCL, along with our recent joint initiatives in the green energy arena: we are really honoured to be IOCL’s partner of choice to contribute to the sustainable development of India’s energy transformation industry. We continue to expand the Group’s industrial footprint thanks to our unparalleled technological know-how, a deep knowledge of the local market through our Indian entity Tecnimont Private Limited, as well as our strong commitment to ensure environmentally best performing products and processes”.

Source: www.mairetecnimont.com

IOCL Awards McDermott Two EPCC Refinery Contracts

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 McDermott International, Ltd announced it has received two separate engineering, procurement, construction and commissioning (EPCC) contract awards from Indian Oil Corporation Limited (IOCL) for the Haldia Refinery and the Barauni Refinery.

The first award is an EPCC contract for a new diesel hydrotreating unit and associated facilities for the Barauni Refinery Expansion Project in Bihar, India.

The second award is an EPCC contract for the catalytic dewaxing unit and associated facilities at the Haldia Refinery in West Bengal, India. The catalytic dewaxing unit will help produce base oil which can be utilized in finished lubricants. India is the world’s third-largest user of finished lubricants but is also, with a deficit of base oil, one of the world’s largest importers of base oil. Both projects contribute to greater independence for India’s domestic energy needs.

“These awards demonstrate our commitment to advancing India’s long-term energy market,” said Samik Mukherjee, Executive Vice President and Chief Operating Officer. “We look forward to working with Indian Oil Corporation Limited on these prestigious downstream projects, showcasing our dedication to world-class project execution and sharing our leading health and safety protocols.”

In line with India’s Make in India initiative, McDermott’s Senior Vice President, Asia Pacific, Mahesh Swaminathan, emphasized the strength of the local team.

“Our 2,000 personnel in India bring global experience with high levels of technical and project management expertise,” said Swaminathan. “These individuals continue to demonstrate the strength of McDermott’s vertically-integrated solutions and the positive impact these bring to the Indian downstream market.”

The scope of work across the projects includes project management, residual process design, detailed engineering, fabrication, procurement, construction, transportation, mechanical completion and commissioning. Work will commence in quarter two 2021. Both projects will largely be executed by the McDermott team in Gurgaon, India, with some support from Perth, Australia and Brno, Czech Republic.

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McDermott Awarded Technology Contract by Naftna Industrija Srbije in Serbia

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McDermott’s Lummus Technology will upgrade existing unit for production of higher value products utilizing Indmax FCC and CDEtbe technologies
– State-of-the-art Indmax FCC Technology, licensed by McDermott’s Lummus Technology and jointly developed with Indian Oil Corporation (IOCL), being implemented.

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 unit for the production of bioethanol based 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’ 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.

McDermott’s Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering. With a heritage spanning more than 100 years, encompassing approximately 3,400 patents and patent applications, Lummus Technology provides one of the industry’s most diversified technology portfolios to the hydrocarbon processing sector.

Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott cautions that statements in this press release which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties that may impact McDermott’s actual results of operations. These forward-looking statements include, among other things, statements about backlog, to the extent backlog may be viewed as an indicator of future revenues or profitability, and the expected scope of the contract discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit markets, our inability to successfully execute on contracts in backlog, changes in project design or schedules, the availability of qualified personnel, changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties, changes in industry norms and adverse outcomes in legal or other dispute resolution proceedings.

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