NEW DELHI, June 22: Engineering and construction giant Larsen & Toubro (L&T) on Monday said it has inked pact with KBR to build modular process plants for refinery and petrochemical projects.
The memorandum of understanding (MoU) has been signed by L&T arm L&T Hydrocarbon Engineering.
“L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with KBR to build Modular Process Plants for refinery and petrochemical projects,” the conglomerate said in a statement.
Under the terms of the agreement, KBR and LTHE will collaborate to develop business opportunities and LTHE will exclusively bid for KBR’s solid acid alkylation technology (K-SAATTM), solvent de-asphalting technology (ROSE) and catalytic olefins technology (K-COTTM) for global projects with special emphasis on India, South East Asia, Middle East and Africa, the statement said.
“L&T has a proven track record of over 25 years in the refinery and petrochemical sector. Through this MoU with KBR, LTHE will combine its best-in-class engineering, world class modular fabrication facilities and core strength of project management and construction to offer safe, reliable, and optimised solutions to our customers,” Subramanian Sarma, MD & CEO of LTHE said.
Organised under offshore, onshore, construction services, modular fabrication and AdVENT (Advanced Value Engineering & Technology) verticals, LTHE delivers design to build engineering and construction solutions across the hydrocarbon spectrum, it said.
Larsen & Toubro is an Indian multinational firm engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. (PTI)
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