CB&I (NYSE:CBI) today announced Chevron Lummus Global, a joint venture between CB&I and Chevron, has been awarded a contract in excess of $100 million by Bahrain Petroleum Co. (Bapco). The scope of work includes the license of its LC-FININGTM and ISOCRACKING® technologies and engineering design packages for the new residue hydrocracking and vacuum gasoil hydrocracking units for the Bapco Modernization Program.
"Chevron Lummus Global has provided hydroprocessing technologies and catalysts for the production of clean transportation fuels and high quality lubricant base oils at this refinery for past projects. The Bapco Modernization Program will expand the Bapco refinery capacity and introduce further depth of conversion and upgrading of heavy oil," said Daniel McCarthy, President of CB&I's Technology operating group. "The selection by Bapco to be its key technology provider underlines CB&I and Chevron Lummus Global's lead position in heavy oil upgrading."
Chevron Lummus Global's technologies upgrade low value residual oils to high value and quality, middle distillate products that meet the most stringent specifications.