CB&I awarded US640 mln contracts to provide multiple services for Shintech Ethane Cracker project

24-Apr-15

CB&I announced it has been awarded contracts valued in excess of US$640 mln by Toyo Engineering Corporation to provide ethylene technology, basic engineering and cracker heater supply, as well as construction services for the Shintech Ethane Cracker Project in Plaquemine, Louisiana. The ethylene plant will employ CB&I's latest, proven ethylene technology, including highly selective SRT® cracking heaters and its innovative recovery section design, featuring low pressure separation and mixed refrigeration to minimize investment costs. "This award is an example of the synergies between our technology and direct hire construction capabilities," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "CB&I's selection demonstrates our customers' confidence in our resources and ability to self-perform projects along the U.S. Gulf Coast.