SOURCE: Bechtel

Bechtel

July 11, 2011 15:28 ET

Bechtel Acquires ConocoPhillips' Delayed Coking Technology

Purchase of ThruPlus® Expands Bechtel's Capabilities in Refining Industry

SAN FRANCISCO, CA--(Marketwire - Jul 11, 2011) - 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 among the most respected engineering, procurement, and construction companies in the world. With a legacy spanning more than a century, the reliability of Bechtel's performance, the enduring quality of its projects, the strength of its ethics, and the seriousness of its commitment to safety and sustainability, are evident in everything it does. Today, Bechtel stands apart for its ability to get the job done right -- no matter how big, how complex, or how remote. For more information about Bechtel visit www.bechtel.com.

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