McDermott Bags Michelin FEED Deal
McDermott International Ltd announced Wednesday that it has been awarded a Front End Engineering Design (FEED) contract from Michelin Group in France for “the first industrialization of an innovative plastic recycling process to produce regenerated styrene from polystyrene”.
The regenerated styrene produced will be used in the production of synthetic rubber for tires and polystyrene, McDermott noted. The company said it will provide value engineering, risk analysis, and a detailed constructability study within the industry-first FEED. Work on the project will be executed from McDermott's office in Brno, Czech Republic, and will start immediately. The contract is expected to be completed in the third quarter of this year.
“This award reflects the successful and long-standing relationship between McDermott and Michelin, having worked together since 2008 at varying stages of production, from design to start up,” Tareq Kawash - McDermott’s senior vice president for Europe, the Middle East, and Africa - said in a company statement.
“In line with McDermott's energy transition strategy, we will use our strategic solutions to continue supporting Michelin's commitment to a circular economy and increasing demand for sustainable materials,” Kawash added in the statement.
Earlier this month, McDermott revealed that its CB&I Storage Solutions business had been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement, and construction of a liquefied natural gas (LNG) storage tank for AG&P's Philippines LNG import and regasification terminal.
In February McDermott’s CB&I Storage Solutions business was awarded a contract by New Jersey Natural Gas for the engineering, procurement, and construction of a power-to-gas facility in Howell, New Jersey and in January the business was awarded a study by a “leading natural gas producer” to research opportunities to expand current liquid hydrogen storage capacity limits. Back in January McDermott was awarded a contract from Qatargas to deliver FEED work for Qatar Petroleum's North Field South project.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- USA Driving Activity to Increase to All-Time Highs
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension