Larsen & Toubro’s hydrocarbon arm has signed a memorandum of understanding with US-based engineering company KBR for construction of modular process plants for refinery and petrochemicals projects.
KBR and L&T Hydrocarbon Engineering (LTHE) will collaborate to develop business opportunities for refineries and petrochemical units, the Indian engineering major said Monday.
“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 optimized solutions to our customers,” Subramanian Sarma, managing director and chief executive officer of LTHE said.
LTHE will exclusively bid for KBR’s solid acid alkylation technology, solvent de-asphalting technology and catalytic olefins technology for global projects with special emphasis on India, South East Asia, Middle East and Africa.
L&T’s hydrocarbon business reported a 25% decline in new orders in FY20 at Rs 20,964 crore due to deferment of orders mainly in onshore vertical. Energy companies across the world have delayed petrochemical projects in view of the economic slowdown and ongoing uncertainties due to the Covid-19 pandemic.
