ABB Ltd
14 December 2000
ABB wins US$ 160-million clean fuels order in U.S.
Zurich, Switzerland, December 14, 2000 - ABB, the global technology company,
said today it has won a US$ 160-million order to implement the major portion of
a clean fuels project at Murphy Oil USA, Inc.'s refinery in Meraux, Louisiana,
USA.
Under the terms of the contract, ABB is responsible for engineering, procurement
and construction of the project, which is scheduled for completion in the second
quarter of 2003. Murphy Oil USA, Inc is a subsidiary of Murphy Oil Corporation.
Through its ABB Lummus Global unit, ABB will design and build a new
hydrocracker, a new hydrotreater and a new central control room at the refinery.
The project is aimed at allowing the Meraux facility to produce cleaner burning
fuels, reduce emissions from the refinery, and to cost effectively meet future
sulfur limits for gasoline and diesel.
'This project is in line with our goal to further develop our expertise in the
area of low-emission production of cleaner transportation fuels,' said Gorm
Gundersen, Executive Vice president and head of ABB's Oil, Gas and
Petrochemicals segment. 'We are a recognized supplier of systems and equipment
for clean fuel producers and we intend to build that position even further.'
ABB announced last month an order to modernize a Russian oil refinery to produce
cleaner burning transportation fuels. ABB is also in alliance with the Chevron,
Exxon and Shell oil companies to develop technology for making cleaner
transportation fuels.
The ABB Group (www.abb.com) serves customers in power transmission and
distribution; automation; oil, gas, and petrochemicals; building technologies;
and in financial services. With novel IT applications, tailored software
solutions, growing eBusiness and a fast-expanding knowledge and service base,
ABB is building links to the new economy. The ABB Group employs about 160,000
people in more than 100 countries.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.