McDermott International announced it has been awarded a Front End Engineering Design (FEED) contract from Michelin Group in France for the first industrialisation of an innovative plastic recycling process to produce regenerated styrene from polystyrene.
The regenerated styrene produced will be used in the production of synthetic rubber for tires and polystyrene.
"This award reflects the successful and long-standing relationship between McDermott and Michelin, having worked together since 2008 at varying stages of production, from design to start up," said Tareq Kawash, Senior Vice President, Europe, Middle East, Africa. "In line with McDermott's energy transition strategy, we will use our strategic solutions to continue supporting Michelin's commitment to a circular economy and increasing demand for sustainable materials."
McDermott will provide value engineering, risk analysis and a detailed constructability study within this industry-first FEED. Work on the project, executed from McDermott's office in Brno, Czech Republic, will begin immediately and is expected to be completed in third quarter 2021.
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