CB&I announced it has been selected by Indian Oil Corporation Limited (IOCL) for the license, engineering design and catalyst supply for a residue upgrading unit in Mathura, India. The unit will use Chevron Lummus Global's (CLG) LC-MAX™ and ISOCRACKING® technologies. The scope of work also includes the supply of catalysts, proprietary reactor internals, and training and technical services. CLG is a joint venture between Chevron U.S.A. Inc. and CB&I.

"This will be the first vacuum residue upgrading unit in India," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "The high-conversion rates offered will enable the IOCL refinery to eliminate fuel oil while producing high-quality diesel for the region."

CLG's ISOCRACKING and LC-MAX technologies provide the most flexible upgrade path of vacuum residue to lighter, premium products at an industry-leading conversion rate of 90 percent. The flexibility and high-conversion rates achieved by the technologies enable customers to reach a balance between stringent product specifications, product yield and cycle run-length, all with the benefit of lower capital investment and operating costs.

About CB&I

CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality.

About Indian Oil Corporation (IndianOil)

Indian Oil Corporation Ltd. (IndianOil) is India's largest commercial enterprise, ranked 119th among the world's largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2015. IndianOil has been meeting India’s energy demands for over half a century.
Its business interests straddle the entire hydrocarbon value-chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals, besides forays into alternative energy and globalisation of downstream operations. As part of its Exploration & Production portfolio, IndianOil has participating interest in eight domestic and seven overseas blocks.
he seven overseas blocks are located in Libya, Gabon, Nigeria, Yemen, Venezuela, Canada and USA.