CB&I has entered into a joint development agreement with Saudi Aramco for the development, commercialisation and marketing of crude-to-chemical technologies.
The agreement includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A. Inc. Together, Saudi Aramco, CB&I and CLG will develop a unique integration of advanced technology processes for the production of high-value petrochemicals from crude oil.
CB&I's ethylene cracker technology and CLG's hydroprocessing technologies, combined with Saudi Aramco's proprietary Thermal Crude to Chemicals (TC2CTM) technology will provide the platform for this joint development.
"It is an honor to partner with Saudi Aramco to develop the most competitive processing solution for crude to chemicals," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "There is a lot of attention in the market to more efficiently produce higher value petrochemical products such as ethylene, propylene, butadiene and aromatics directly from crude oil. CB&I and CLG's breadth of technologies and catalysts are unmatched in the industry spanning essentially all relevant refinery and petrochemical processes, which provide a strong foundation for this joint development."
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/19012018/cbi-signs-crude-development-agreement-with-saudi-aramco/