McDermott awarded technology contract by Naftna Industrija Srbije
McDermott announced that it has been awarded a "sizeable" technology contract by Naftna Industrija Srbije, or NIS, for the modernization of its existing Fluid Catalytic Cracking, or 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 CDEtbe unit for production of bio ethanol base Ethyl Tertiary Butyl Ether, or ETBE. The state-of-the-art Indmax FCC technology, which was jointly developed by Indian Oil Corporation, or 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' CDEtbe technology, which is used as a clean, octane-boosting gasoline-blending component. The award for the license and basic engineering will be reflected in McDermott's fourth quarter 2019 backlog. McDermott defines a sizeable contract as between $1 million and $50 million.