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Sabic signs up with Shaw Group for furnace & services

May '07
The Shaw Group Inc announced its Shaw Stone & Webster business unit has signed two letters of intent to provide proprietary furnace equipment and professional services to Arabian Petrochemical Company Petrokemya, an affiliate of Saudi Basic Industries Corporation (SABIC), as part of the Olefins-1 Debottlenecking Project at an existing ethylene plant in Jubail Industrial City, Saudi Arabia.

Shaw will provide two Ultra Selective Conversion furnaces and detailed engineering, procurement and construction management services for the plant's expansion, which is expected to increase capacity by 20% and be completed by first quarter 2009. The value of Shaw's contract was not disclosed.

J.M. Bernhard, Jr, Chairman, President and Chief Executive Officer of Shaw, said, "Our technology and engineering solutions continue to differentiate Shaw as the leader in the global ethylene market. This important project for Petrokemya further strengthens Shaw's leadership position in the Middle East in ethylene and other petrochemical processes."

Shaw is an established leader in ethylene technology having provided technology, design, engineering and/or construction on more than 120 plants.

Shaw's ethylene plants have a worldwide reputation for exceptionally high operational reliability, rapid start-up and superior performance.

Since 1990, Shaw technology has been selected for 35% of the world's ethylene capacity increases. Shaw is currently providing technology and EPC services for a 1.3 million metric-ton ethylene plant for Eastern Petrochemical Company (SABIC affiliate), also known as SHARQ, in Al Jubail, Saudi Arabia.

The Shaw Group Inc is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure, and emergency response markets.

The Shaw Group Inc

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