Bechtel Acquires Conocophillips' Delayed Coking Technology

SAN FRANCISCO, California - July 11, 2014

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.

About Bechtel

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.