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McDermott has been awarded a Project Management Consultancy (PMC) contract from Indian Oil Corporation Ltd. (IOCL). The contract involves setting up the Maleic Anhydride (MAH) unit at the Panipat refinery and Petrochemical complex, located 100 kilometres from New Delhi. This would be India’s first mega-scale MAH plant to manufacture chemical products like polyester resins, surface coating plasticisers, agrochemicals and lubricant additives, as per company claims. It will also include Tetra Hydro Furan (THF), which is widely used in adhesives and vinyl film, and Butanediol (BDO), used in engineering-grade plastic and biodegradable fibres. Speaking on the collaboration, Vaseem Khan, Senior Vice President, Onshore at McDermott mentioned, “McDermott has a long-standing relationship with IOCL and is currently executing three large-scale projects at their Barauni and Haldia refineries.”