Under the terms of the agreement, KBR and LTHE will collaborate to develop business opportunities and LTHE will exclusively bid for KBR's solid acid alkylation technology (K-SAATTM), solvent de-asphalting technology (ROSE) and catalytic olefins technology (K-COTTM) for global projects with special emphasis on India, South East Asia, Middle East and Africa, the statement said.
L&T has a proven track record of over 25 years in the refinery and petrochemical sector. 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 optimised solutions to our customers, Subramanian Sarma, MD & CEO of LTHE said.
Organised under offshore, onshore, construction services, modular fabrication and AdVENT (Advanced Value Engineering & Technology) verticals, LTHE delivers design to build engineering and construction solutions across the hydrocarbon spectrum, it said.
Larsen & Toubro
is an Indian multinational firm engaged in technology, engineering, construction, manufacturing and financial services with over $21 billion in revenue.