L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won two significant orders from Indian Oil Corporation (IOCL).
The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up Mono Ethylene Glycol (MEG) plant and Ethylene Recovery unit (ERU) under LSTK-1 package, associated offsite and utilities under LSTK-2 Package at IOCL Paradip Refinery (Odisha). MEG plant is licensed by scientific design with a capacity of 357 KTA (kilo tonnes per annum) while ERU is licensed by Lummus Technology (now McDermott) with a capacity of 180 KTA. The plant with a capacity of 357 KTA is going to come up at a cost of Rs. 3,752 crore.
Both the projects, awarded through international competitive bidding, are on Lump Sum Turn Key (LSTK) basis and shall be executed concurrently. Ethylene Oxide reactor, columns and other critical equipment for the project will be fabricated in house at Larsen & Toubro's manufacturing facilities.
LTHE will manufacture Mono Ethylene Glycol (MEG) that is largely used as an industrial coolant and antifreeze heat transfer agent. It is largely used as a coolant in the radiators of vehicles.
Subramanian Sarma, MD and CEO, LTHE said, "L&T has a proven track record of over 25 years in the refinery and petrochemical sector and bagging these two orders from IOCL reinforces our integrated capabilities in executing critical plants for petrochemical and refinery segments."
Organised under Offshore, Onshore, Construction Services, Modular Fabrication and Engineering Services verticals, LTHE delivers 'design to build' engineering and construction solutions across the hydrocarbon spectrum.