Shaw & SHARQ finalizes JV to set up ethylene plant in Saudi Arabia
18 Oct '05
3 min read
SHARQ, a joint venture equally owned by Saudi Basic Industries Corporation and SPDC Ltd, a Japanese consortium led by the government of Japan and the Mitsubishi group of companies.
Shaw Stone & Webster is an established leader in the world of ethylene technology, having provided technology, design, engineering and/or construction on more than 120 ethylene plants worldwide. Approximately 35 percent of the world's incremental production during the last decade has been based on Shaw Stone & Webster technology.
Ethylene plants using Shaw Stone and Webster technology have established a worldwide reputation for exceptionally high operational reliability, rapid startup and superior performance. Earlier this year, Shaw Stone & Webster completed a 600,000 metric ton-per-year ethylene plant that it engineered and constructed in Nanjing, China for BASF-YPC.
The Shaw Group Inc is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for the energy, chemicals, environmental, infrastructure and emergency response markets. With over $3 billion in revenues, Shaw is headquartered in Baton Rouge, Louisiana, and employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region.
The Company was recently named for the second consecutive year to Fortune magazine's annual list of 'America's Most Admired Companies'.
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