Last Updated : Monday, June 22, 2020 18:06:28

L&T HYDROCARBON ENGG inks pact with US based KBR for new projects

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Construction & Engineering company Larsen & Toubro Ltd said of its wholly owned subsidiary L&T Hydrocarbon Engineering having inked pact with Houston (Texas) US headquartered KBR (formerly, a subsidiary company of Halliburton) for Refinery and Petrochemical projects for construction & engineering work contracts.

KBR, Inc. is an American engineering, procurement, and construction company, formerly a subsidiary of Halliburton

In a press-release titled, “L&T Hydrocarbon Engineering signs MoU with KBR for Refinery and Petrochemical Projects”, as attached and enclosed with the regulatory filing as submitted by the company to the Indian Bourses, it further read that, L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with KBR (NYSE: KBR) to build Modular Process Plants for refinery and petrochemical projects.

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.

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and AdVENT (Advanced Value Engineering 0 Technology) verticals, LTHE delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.

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