Polymerupdate Press Release - PetroLogistics Awards McDermott with FEED Contract for 500 KTA Gulf Coast PDH Project
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PetroLogistics Awards McDermott with FEED Contract for 500 KTA Gulf Coast PDH Project

Petrochemical industry | 13 Aug 2019 | Polymerupdate.com
- FEED scope includes development of a PDH plant to be constructed in U.S. Gulf Coast
- Development of the facility will support future growth of propylene in the U.S.
- McDermott selected due to its strength in engineering and extensive knowledge in executing fluid catalytic cracking (FCC) projects

McDermott International, Inc. announced it has been awarded a sizeable* contract by PetroLogistics ll LLC to perform the front-end engineering design (FEED) services for a propane dehydrogenation (PDH) facility planned for the U.S. Gulf Coast.

Under the scope of the contract, McDermott will assist in the development of a PDH plant to be constructed on the U.S. Gulf Coast. The plant has a design basis of 500 KTA.

"McDermott is pleased to be working with PetroLogistics II in the development of a facility that will support the growth of propylene in the U.S.," said Mark Coscio, McDermott~s Senior Vice President for North, Central and South America. "We will pull from our vast expertise in engineering to complete the FEED."

"The shale revolution has resulted in a significant decline in co-product propylene production from the sources that historically supplied the majority of US propylene: petroleum refineries and heavy feed ethylene crackers," said Nathan Ticatch, PetroLogistics II President. "As a result, future growth in propylene demand will need to be supplied largely via on-purpose propane dehydrogenation. We are excited to work with McDermott to develop a facility that can supply a solution to this need."

McDermott was selected due to its strength in engineering and extensive knowledge in executing fluid catalytic cracking (FCC) projects. "We have had excellent experience working with McDermott in the past and we are pleased to be collaborating with them again on this very important project," said David Lumpkins, PetroLogistics Chairman.

This award was reflected in McDermott~s second quarter 2019 backlog.

- McDermott defines a sizable contract as between $1 million and $50 million (USD).

About McDermott

McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott~s locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About PetroLogistics II LLC

PetroLogistics II is a Houston based company focused on acquiring, developing and operating petrochemical manufacturing, processing and logistics assets in North America. PetroLogistics II is owned by affiliates of Quantum Energy Partners and certain members of the Company~s management. For more information with respect to the FCDh project or the Company, please contact David Lumpkins, Chairman, at 713-265-6302 or Nathan Ticatch, President, at 713-265-6303.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
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