The Shaw Group Inc.'s Energy & Chemicals Group has won a contract to provide technology and engineering, procurement and construction (EPC) services for a 1,000,000 tons-per-year olefins recovery facility and a 220-megawatt power cogeneration unit at Jurong Island, Singapore, for ExxonMobil Chemical. The project is part of ExxonMobil Chemical's second world-scale steam cracker and associated derivative units being constructed at the site. The value of Shaw's contract, already included in the company's previously announced backlog, was undisclosed.
"This award further establishes Shaw as a major EPC player in Asia," said J.M. Bernhard Jr., chairman, president and chief executive officer of Shaw. "We will draw upon our 66 years of global olefins experience and expertise in power generation to successfully deliver a world-scale plant that will help ExxonMobil Chemical meet the increasing global demand for petrochemicals."
An established leader in ethylene technology, Shaw has provided technology, design, engineering and/or construction for more than 120 plants with a worldwide reputation for exceptionally high operational reliability, rapid start-up and superior performance. Since 1990, Shaw technology has been selected for 35 percent of the world's ethylene capacity increases. Currently, Shaw is providing technology and EPC services for several other major olefins projects worldwide.
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. A Fortune 500 company with nearly $5 billion in annual revenues, Shaw is headquartered in Baton Rouge, La., and employs approximately 25,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region.