Reliance awards Indian aromatics plant contract to CB&I
Reliance Industries has awarded a contract to Chicago Bridge & Iron Company (CB&I) to provide paraxylene technology for its aromatics plant to be built in Jamnagar, Gujarat, India.
The aromatics complex will include proprietary BP paraxylene technology, offered for license exclusively by Lummus Technology, which uses a crystallisation step and other features to provide low capital and operating costs.
Philip K. Asherman, Chicago Bridge & Iron company president and CEO, said the company role as the exclusive licensor for BP's paraxylene technology is another example of how strategic collaborations are an effective approach for global producers such as Reliance.
"Combined with the expertise of CB&I's Lummus Technology business sector, this technology provides the optimal solution in terms of cost and reliability," Asherman added.
The terms of Reliance Industries' contract deal with CB&I have not been disclosed.
Paraxylene is used as an intermediate in the manufacturing of polyester, a polymer used in various applications including fibres and engineering plastics.