CB&I Announces Joint Development Agreement with Saudi Aramco

CB&I, Chevron Lummus Global and Saudi Aramco signed a Joint Development Agreement (JDA) between companies for the development, commercialization and marketing of innovative crude-to-chemical technologies.

The three companies are best positioned to develop advanced technology processes for the production of high-value petrochemicals from crude oil by leveraging unique technologies they each bring to the table.

Specifically, CB&I’s ethylene cracker technology, CLG’s hydroprocessing technologies and Saudi Aramco’s proprietary Thermal to Crude Chemicals (TC2C™) technology will provide the platform for this joint development.

About Chevron Lummus Global
Chevron Lummus Global (CLG), a joint venture between Chevron U.S.A. Inc. and CB&I, is a leading process technology licensor for refining hydroprocessing technologies and alternative source fuels, as well as a global leader in catalyst system supply. CLG offers the most complete bottom-of-the-barrel solution for upgrading heavy oil residues. Our research and development experts are continuously seeking advancements in technology and catalysts that will improve operating economics for your next project. For more information, visit www.chevronlummus.com

About Saudi Aramco
Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise. Over the past 80 years we have become a world leader in hydrocarbons exploration, production, refining, distribution and marketing. Saudi Aramco’s oil and gas production infrastructure leads the industry in scale of production, operational reliability, and technical advances. Our plants and the people who run them make us the world’s largest crude oil exporter, producing roughly one in every eight barrels of the world’s oil supply. For more information, visit www.saudiaramco.com