HOUSTON--(BUSINESS WIRE)--
WorleyParsons (ASX:WOR) has been awarded a contract by Biosynthetic Technologies (BT) to perform FEED design and engineering services for a new synthetic base oil facility that will commercialize BT’s unique technology converting natural oils into performance base stocks. The plant will be constructed at a site along the Texas Gulf Coast and will be the first of many similar facilities around the world.
BT produces a patented lubricant base oil first developed by the US Government that is not only known for its performance characteristics but also its environmental benefits. When used in motor oil, BT’s products showed reduced levels of varnish and received some of the highest cleanliness ratings possible after a 150,000 mile field trial. BT’s efforts have resulted in what is considered a leading technology in the lubricant sector as that industry looks to use more environmentally friendly products. The use of sustainable products has proven to be particularly tough in performance lubricant applications. However, the excellent viscometrics, prolonged stability, and low volatility of BT’s product, will allow major oil companies to combine performance and sustainability in their product offerings.
Previously, WorleyParsons performed pre-FEED work for BT which included project scoping and definition, technology scale up and initial cost estimating. WorleyParsons Houston, TX office has led and directed the work effort.
BT is an innovative start-up company out of California commercializing sustainable technologies in the lubricant sector. They have a large patent portfolio and are primarily funded by BP, Monsanto, Evonik, and Sime Darby.
About WorleyParsons
WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral and metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.
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