McDermott Secures Russian Cracker Deals

World's Largest Ethylene Integration Project

Multinational engineering group McDermott has secured two contracts for development of two ethylene crackers in Russia.
The project is part of the largest ethylene integration project in the world and will involve breakbulk tranpsort for owner Baltic Chemical Complex, or BCC, a subsidiary of RusGazDobycha.
End-to-end Infrastructure
The scope of work includes a “sizeable technology contract” from BCC and a *sizeable extended basic engineering” contract from China National Chemical Engineering No. 7 Construction, or CC7.
"McDermott's end-to-end infrastructure and technology solutions are an important differentiator for operators in Russia. The potential future pull-through opportunities related to the Lummus Technology portfolio make us uniquely positioned to execute this phase and future phases of the project,” said Tareq Kawash, senior vice president for Europe, Africa, Russia and Caspian, for McDermott.
McDermott states that each contract is valued at between US$1million and US$50 million.

Ethylene Cracking Facilities 

Located close to the Gulf of Finland, the two ethylene cracking facilities, will each have an annual capacity of 1.4 million tonnes. 

Extended basic engineering work will be carried out from McDermott's downstream Centers of Excellence in The Hague and Brno, Czech Republic. Both projects are set to begin immediately with work booked in McDermott's fourth quarter 2019 backlog.

Headquartered in Texas, McDermott is one of the world's largest integrated onshore-offshore EPC companies, with operations in over 54 countries and a workforce of about 32,000 employees.