CB&I was awarded a $300 million contract by Williams Olefins for a petrochemicals expansion project in Geismar, Louisiana, officials announced on Monday.
The scope of the award includes the license and basic engineering for the ethylene technology, the supply of the cracking furnaces, and the detailed engineering, procurement, and construction of the expansion project.
Plant capacity is expected to be increased from 1.35 to 1.95 billion lb/year.
We are very pleased to be selected for this important US ethylene project, said Philip K. Asherman, CEO. The petrochemicals market is re-emerging in the US due to the abundance of lower cost ethane feedstock, directly attributable to increased shale gas production.
This award reflects the industrys confidence in CB&Is ability to provide both proven technology and EPC services to the petrochemicals market.
Ethylene, mainly produced via steam cracking, is the worlds largest volume hydrocarbon.
As the primary building block for the chemical industry, it is used to produce a variety of products, including plastics, fibers and rubbers, CB&I noted.