CB&I, an engineer and constructor of energy infrastructure projects, has reported that the company has received a contract from Williams Olefins in order to expand a petrochemicals project in Geismar of Louisiana. The value of the contract is approximately US$300 mln. The scope of this expansion contract has included the delivery of the cracking furnaces, basic engineering and license for the ethylene technology and the comprehensive engineering, procurement, and construction (EPC) of this petrochemicals project. It is expected that the capacity of the plant may be increased from 1.35 to 1.95 pounds annually.
According to the Chief Executive Officer and President of CB&I, Philip K. Asherman, the company is delighted on being chosen for this significant ethylene project in the United States. Because of the presence of low-cost ethane feedstock in a large quantity, the petrochemicals market is again gaining emerging in the US again that directly attributes increased production of shale gas. This project shows the confidence of the industry in the potential of this company to offer EPC services and proven technology to the petrochemicals market, he added.