SAN FRANCISCO, California - July 11, 2014
Bechtel Acquires Conocophillips' Delayed Coking Technology
Purchase of ThruPlus® Expands Bechtel’s Capabilities in Refining Industry
Bechtel Corporation announced today that it has purchased ConocoPhillips’ leading delayed coking technology, a move that uniquely positions Bechtel for growth in the refining industry. ThruPlus® Delayed Coking Technology is a proprietary process for upgrading heavy oil into high value, light hydrocarbon liquids.
“The purchase of the ThruPlus technology is a natural progression of our work with ConocoPhillips, and it allows us to deliver to customers high-quality, technologically superior coking units more efficiently and cost effectively,” said Jack Futcher, president of Bechtel’s Oil, Gas & Chemicals unit. “The technology sets Bechtel apart by enhancing our capability to carry a project from concept to completion.”
The ThruPlus technology was developed and improved by ConocoPhillips during its more than 50 years of owning and operating units. It achieves higher unit throughput, higher service factors, superior liquid yields, and improved unit reliability. Bechtel and ConocoPhillips formed an alliance in the 1990s that combined Bechtel’s expertise in engineering, cost optimization, procurement, and construction with ConocoPhillips’ operating experience and technology expertise in delayed coking.
A global leader in the design and construction for the refining industry, Bechtel’s delayed coking experience spans more than 50 years and includes projects in Canada, India, Russia, and the United States.