Shaw & SHARQ JV to set up ethylene plant in Saudi Arabia
27 Aug '05
2 min read
Engineering, construction, fabrication, environmental and industrial services organization, The Shaw Group Inc announced that its Shaw Stone & Webster unit has signed a letter of intent with Eastern Petrochemical Co, also known as SHARQ, for engineering, procurement, construction, and commissioning of a 1.3 million metric tons-per-year ethylene plant utilizing Shaw Stone & Webster ethylene technology.
Under the letter of intent, Shaw will immediately begin the engineering and procurement activities. The plant will be located in Al-Jubail, Saudi Arabia and is expected to be completed in the first quarter of 2008. The value of the project was not disclosed.
J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "The global reach and proprietary technologies continue to create business opportunities in every corner of the world. Shaw is very pleased to have been selected to provide its proprietary ethylene technology and engineering and construction expertise to this important project. This premier facility will be one of the largest in the world and will enhance SHARQ's leadership position in the petrochemical arena."
Ethylene is an intermediate petroleum product primarily used in the production of other chemicals, particularly plastics, including polyethylene and polypropylene, the world's most widely used plastic. The 1.3 million metric tons-per-year plant will provide ethylene for an ethylene-glycol plant and a polyethylene plant at the same location.
marketing@alchempro.com
