trending Market Intelligence /marketintelligence/en/news-insights/trending/J9TemS-JYqVBq1Mb-ySjZw2 content esgSubNav
In This List

McDermott tapped for work on Saudi Arabian mixed feed cracker

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


McDermott tapped for work on Saudi Arabian mixed feed cracker

McDermott International Inc. was awarded a large contract by Saudi Arabian Oil Co. and Total SA subsidiary Total Raffinage Chimie for work on a mixed feed cracker for the Amiral petrochemical complex in Saudi Arabia.

Under the contract, McDermott will provide licenses, a basic engineering package, extended basic engineering, training and technical services. McDermott's technology arm Lummus Technology LLC will provide licensing and engineering services along with proprietary technology.

The contract is valued between $50 million and $250 million, according to an Oct. 22 news release from the Houston-based company.

Saudi Aramco and Total were earlier reported to be planning to build the petrochemical complex, which is targeted to supply more than $4 billion of downstream derivative and specialty chemical units. McDermott said the mixed feed cracker will be one of the largest in the world.