Technip, ExxonMobil to license cumene technology for Saudi Rabigh project
Technip and ExxonMobil Chemical were awarded a contract by Aramco and Sumitomo Chemical to provide proprietary technology for a 384,000 tpy grassroots cumene plant as part of the Rabigh phase two project in Saudi Arabia, the companies said on Wednesday.
The contract includes technology license, engineering, training and start-up services for the cumene plant, which is due to start-up in 2016.
Technip and ExxonMobil Chemical won the contract through their Badger Licensing venture. Badger Licensing is principally engaged in marketing, licensing and developing technologies for ethylbenzene, styrene monomer, cumene and bisphenol A.
"Rabigh Phase II is an impressive project in the growing petrochemical industry in the Middle East,” said Mark Healey, president of Badger. “
"I believe Badger’s proven cumene technology will enable the Rabigh Phase II Project to achieve a low cost of ownership by leveraging long catalyst cycles and high operational reliability," he added.
Cumene is a precursor to the production of phenol and subsequently bisphenol and polycarbonate. Nearly 10 million tpy of cumene capacity has been licensed by Badger and its predecessor companies since the technology was introduced in 1995.
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