McDermott’s Lummus technology awarded petrochemicals contract in China

first_img McDermott’s Lummus technology awarded petrochemicals contract in China. Photo: courtesy of Free-Photos from Pixabay. McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Formosa Chemicals Industries Ningbo Limited for the technology license and basic engineering services for a grassroots alpha-methylstyrene (AMS) recovery unit in Ningbo, China. This 10,000 MTA unit will utilize AMS technology jointly licensed by Versalis and McDermott’s Lummus Technology to recover specialty chemicals for niche market sale.“This award represents the first license of this AMS technology,” said Leon de Bruyn, Senior Vice President of McDermott’s Lummus Technology business. “The commercialization of this technology illustrates the effectiveness of our continuous innovation process. Lummus works to provide our customers market-leading solutions to enhance their competitiveness; the addition of the AMS recovery unit will enable Formosa to recover this specialty chemical with unmatched purity, ultimately enhancing the operating margins while lessening the environmental footprint.”The award strengthens the ongoing collaboration, dating back to 1995, between the Formosa organization and Lummus Technology. This technology incorporates many decades of operating and design experience by Versalis with Lummus design expertise.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. Versalis (the chemical company of Italian energy major Eni) and Lummus have a long-standing collaboration to develop and offer a variety of petrochemical process licenses.This award was reflected in McDermott’s second quarter 2019 backlog.*McDermott defines a sizeable contract as between USD $1 million and USD $50 million. Source: Company Press Release Technology award for Formosa Chemicals Industries Ningbo Limited grassroots AMS (alpha-methylstyrene) recovery unit in Ningbo, Chinalast_img read more

‘WAVES OF THE FUTURE’ WILL RECEIVE NEW NAME AND NEW LOCATION AT VICTORY THEATRE,…

first_imgFacebookTwitterCopy LinkEmailShare Evansville, IN – John McNaughton, a local artist and former USI Art Department Chair created a sculpture over two decades ago that has become a staple of Victory Theatre’s Sixth Street Lobby. Created from walnut, McNaughton originally was commissioned for $8,000 from Bristol-Meyers Squibb where it hung in the lobby of the Evansville offices until came down for remodeling and donated to Evansville. ‘Waves of the Future’ spent three years in storage until this 16-foot-long wooden sculpture found its home on the East wall of Victory Theatre’s Sixth Street Lobby.On June 13, 2017, ‘Waves of the Future’ will become ‘Showtime’ and will be given a more visible placement with more protection inside Victory Theatre. This piece, made of walnut because this region is known for its Walnut Trees, was originally created, and named to represent how close the piece was to the river and the indicative of the future of medicine. The new name, ‘Showtime,’ will represent the variety of shows that are held at Victory Theatre. Today, if McNaughton was asked to create this same rhythmic tubular wooden design, it would be commissioned for anywhere between $20,000 to $25,000.last_img read more