Hill International to Develop State-of-the-Art Research Campus for Indian Oil Corporation Limited
July 21 2020 - 8:30AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today it has been selected by Indian
Oil Corporation Limited (IOCL) to provide project management
consultancy services for the development of the corporation’s new
$275 million, approximately 60 acre research campus, the Indian Oil
Technology Development and Deployment Center.
The IOCL’s current research and development
facility, which opened in 1972, lacks space for further expansion.
Given expansive trends in the company’s research interests, more
room is necessary to engage with the myriad of scientific
disciplines critical to the company’s future business plans. The
IOCL envisions a campus that, in addition to ambitiously serving
research and development, surpasses global standards of
occupational health and safety as well as environmental
sustainability. The company wants the world’s largest and most
sustainable net-zero campus.
The new campus will contain a center for
alternative and renewable energy; a nanotechnology center;
industrial laboratories for the study of carbon
nanotubes/batteries, biotechnology, pipelines, petrochemicals,
catalysts, and applied metallurgy; refinery infrastructure; as well
as commercialization and demonstration units. In addition, the
campus will feature recreational, administrative, dining, and
utility facilities. The total build-up area will be approximately
194,554 SM.
Hill’s project management consultancy services
will be implemented via an engineering procurement, construction,
and commissioning contract executed over 41 months. Hill
International’s Middle East Regional President Abdo Kardous says of
the project: “We’re excited to begin work on this large-scale
project. In particular, it will be a rewarding challenge to meet
the sustainability goals of the IOCL’s new campus.”
Specifically, the project aims to achieve a LEED
v4 Platinum rating. Hill’s project management team will review and
confirm all the elements contributing towards the target LEED
score. These elements include building orientation and zoning,
incident solar radiation, solar shading during solstices and
equinoxes, open-space shading, daylight simulation, and site
computational fluid dynamics, especially during Monsoon season.
Hill’s professionals will also help to ensure proper execution of
these environmentally friendly aspects of the project through
construction.
“It is a great honor to have been entrusted with
the Indian Oil Technology Development and Deployment Center,” says
Hill Chief Executive Officer Raouf Ghali. “Indian Oil Corporation’s
selection reflects a global trust in our abilities to successfully
deliver complex and technically innovative projects. Hill also
takes great pride in helping to support ambitiously green projects.
And we hope to paradigmatically demonstrate with the completion of
this project our regional excellence in India.”
About Hill International
Hill International, with approximately 2,700
professionals in more than 50 offices worldwide, provides program
management, project management, construction management, and other
consulting services to clients in a variety of market sectors.
Engineering News-Record magazine recently ranked Hill as the
eighth-largest construction management firm in the United States.
For more information on Hill, please visit our website at
www.hillintl.com.
Forward Looking Statements
Certain statements contained herein may be
considered "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, and it is our
intent that any such statements be protected by the safe harbor
created thereby. Except for historical information, the matters set
forth herein including, but not limited to, any statements of
belief or intent, any statements concerning our plans, strategies,
and objectives for future operations are forward-looking
statements. These forward-looking statements are based on our
current expectations, estimates and assumptions and are subject to
certain risks and uncertainties. Although we believe that the
expectations, estimates, and assumptions reflected in our
forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results to differ materially from estimates or projections
contained in our forward-looking statements are set forth in the
Risk Factors section and elsewhere in the reports we have filed
with the Securities and Exchange Commission, including that
unfavorable global economic conditions may adversely impact our
business, our backlog may not be fully realized as revenue, and our
expenses may be higher than anticipated. We do not intend, and
undertake no obligation, to update any forward-looking
statement.
Hill International, Inc. Elizabeth J. Zipf,
LEED AP BD+C Senior Vice President (215) 309-7707
elizabethzipf@hillintl.com
The Equity Group, Inc. Devin Sullivan Senior
Vice President (212) 836-9608 dsullivan@equityny.com
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