McDermott International, Ltd announced it has been awarded a Front End Engineering Design (FEED) contract from Michelin Group in France for the first industrialization of an innovative plastic recycling process to produce regenerated styrene from polystyrene. The regenerated styrene produced will be used in the production of synthetic rubber for tires and polystyrene.

"This award reflects the successful and long-standing relationship between McDermott and Michelin, having worked together since 2008 at varying stages of production, from design to start up," said Tareq Kawash, Senior Vice President, Europe, Middle East, Africa. "In line with McDermott's energy transition strategy, we will use our strategic solutions to continue supporting Michelin's commitment to a circular economy and increasing demand for sustainable materials."

McDermott will provide value engineering, risk analysis and a detailed constructability study within this industry-first FEED. Work on the project, executed from McDermott's office in Brno, Czech Republic, will begin immediately and is expected to be completed in third quarter 2021.

About McDermott

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.