Shaw Stone & Webster awarded contract for petrochem complex in China

24-May-06
Shaw Stone & Webster unit has been awarded two contracts to provide technology, engineering and procurement services by PetroChina for its Dushanzi Petrochemical Company's new petrochemical complex in the Xinjiang Province, China. The contracts, which have a combined value of approximately US$50 million, cover technology, basic engineering, procurement of key equipment and materials, technical training, and commissioning and start-up services. One contract provides that Dushanzi's new 320,000 mtpa ethylbenzene/styrene monomer (EB/SM) plant will be based on ethylbenzene and styrene technology licensed to Dushanzi by Shaw Stone & Webster. As per the second contract, the new Dushanzi 130,000 metric tpa polystyrene plant will be based on proprietary technology provided by Shaw Stone & Webster through its license from General Electric Advanced Materials (GEAM) and its alliance with Process Development Services (PDS). Upon completion, the polystyrene plant will produce 40,000 metric tpa of high impact polystyrene and 90,000 metric tpa of general purpose polystyrene. This is Shaw's first polystyrene license.
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