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New Delhi, Aug 24 (UNI) Infrastructure major Larsen&Toubro Ltd (L&T) today said it has bagged an order worth 150 million dollar from Saudi Formaldehyde Chemical Company Ltd (SFCCL) for setting up high technology methanol and carbon monoxide plants.

L&T will complete the project along with its consortium partner, Haldor Topsoe AS of Denmark, a company statement said.

SFCCL, a private sector enterprise has been developed, promoted and financed by a group of leading industrialists from the Gulf Co-operation Council (GCC) countries. It is a second-generation petrochemical complex located in the Al Jubail Industrial City, Saudi Arabia, manufacturing formaldehyde and its derivative products.

It is undertaking backward integration by installing a 700 tonnes per day (TPD) of methanol and 100 TPD of carbon monoxide plant near its existing plants.

Haldor Topsoe, world's most reputed technology licensors, will provide the process technology and the license for methanol and carbon monoxide process.

L&T scope of work comprises residual basic engineering, detailed engineering, project management and procurement of the equipment and materials for the plant. The company will manufacture some of the critical equipment at its Powai and Hazira Works. The company and Haldor Topsoe will also provide the technical services for the erection and commissioning of the plant.

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