MOSCOW (MRC) -- CB&I, one of the largest providers of engineering and construction services, has entered into an agreement with Phillips 66 to acquire the company’s E-Gas technology business, officials confirmed on Thursday, reported Hydrocarbonprocessing.
The E-Gas solids gasification technology is a process that converts coal or petroleum coke (petcoke) into syngas, which can be used for power generation or further converted to substitute natural gas, hydrogen and downstream methanol-related chemicals production.
"We look forward to adding the E-Gas Technology to our portfolio, which will mark our entry into the syngas value chain," said Daniel McCarthy, group president of CB&I’s technology operating group.
As MRC wrote previously, in summer 2012, CB&I and Nizhnekamsknefnekhim signed a contract for implementation of the expanded basic project and the development of the Russian project documentation for a new complex for the production of olefins with the capacity of 1 million tonnes of ethylene per year.
Besides, in October, 2012, CB&I was awarded a contract by Huating Coal Group for the license, basic engineering and related services for a polypropylene (PP) plant at the Huating industrial development area in China. The plant is to produce the full scope of polypropylene homopolymers, random copolymers and impact copolymers. The 200,000 tpy polypropylene project is expected to start up operations in 2014.
MRC