Raytheon Engineers & Constructors selected for Yukong projects in Korea.LEXINGTON, Mass.--(BUSINESS WIRE)--Dec. 19, 1995--Raytheon Engineers & Constructors announced today that it has received contracts from Yukong Limited to provide services and technology for two petrochemical plants in Ulsan, South Korea. The combined value of the two contracts exceeds $50 million. Under the first contract, Raytheon is providing engineering, procurement, construction assistance, and start-up services for a new paraxylene plant. Work is under way, with the plant expected to start operations in December 1996. Plant capacity will be in the range of 300,000 metric tons per year. The unit will be the second paraxylene plant at the site. Under the second contract, Raytheon is providing Yukong Oxichemical Limited, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Yukong Limited, with basic engineering, procurement, detailed engineering, construction assistance, and start-up services for a new ethylbenzene/styrene monomer monomer (mŏn`əmər): see polymer. monomer Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). (EB/SM) plant. The company is also providing proprietary process technology licensed under the Badger name. The plant will have a production capacity of 200,000 metric tons per year. Work is under way, with the plant expected to start operations in December 1996. Work on both projects will be performed primarily from Raytheon Engineers & Constructors' office in Cambridge, Mass. The new EB/SM plant will use the Mobil/Badger third generation vapor-phase alkylation alkylation /al·kyl·a·tion/ (al?ki-la´shun) the substitution of an alkyl group for an active hydrogen atom in an organic compound. al·kyl·a·tion n. process to convert ethylene and benzene benzene (bĕn`zēn, bĕnzēn`), colorless, flammable, toxic liquid with a pleasant aromatic odor. It boils at 80.1°C; and solidifies at 5.5°C;. Benzene is a hydrocarbon, with formula C6H6. into ethylbenzene Ethylbenzene is an organic chemical compound which is an aromatic hydrocarbon. Its major use is in the petrochemical industry as an intermediate compound for the production of styrene, which in turn is used for making polystyrene, a commonly used plastic material. . The ethylbenzene will be dehydrogenated to form styrene sty·rene n. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. with a Fina/Badger process using an improved deep vacuum design. Raytheon's Badger process technology has been licensed at more than 40 EB/SM plants worldwide -- more than any competing technology. During the past year, Raytheon technology has been selected for all three new ethylbenzene/styrene monomer plants, as well as for a revamp of an existing facility, in Korea. Yukong Limited is a leading integrated energy and chemicals company in Korea. Yukong's businesses include oil exploration and production, oil refining and marketing, lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. , coal, gas, basic petrochemicals and derivatives, solvents, polyolefins, synthetic rubbers, computers and communications. In 1994, Yukong recorded sales of (U.S.)$7.4 billion and net income of (U.S.)$67.2 million. Raytheon Engineers & Constructors is one of the largest engineering, construction, and operations and maintenance firms in the world. It is one of the four business segments of Raytheon Company, a $12 billion international high technology company that also operates in the commercial and defense electronics, aviation, and major appliances industries. CONTACT: Ed Powers Ed Powers (born Mark Krinsky October 25, 1954, in Brooklyn, New York, U.S.) is a director and producer of hardcore pornographic films. He is best known for his Dirty Debutantes , 617/860-2415 |
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