CB&I Wins $465m Construction & Maintenance Contracts in US

Source: www.gulfoilandgas.com 12/21/2015, Location: North America

CB&I has been awarded $465 Million Construction & Maintenance Contracts for a monoethylene glycol (MEG) facility in Lake Charles & multiple specialty chemical facilities throughout the U.S. Gulf Coast respectively.

CB&I has been awarded a contract valued in excess of $365 million by Lotte Chemical Louisiana, LLC to provide construction services for a monoethylene glycol (MEG) facility in Lake Charles, Louisiana. The MEG facility will be located adjacent to the ethane cracker, as announced by a joint venture between Axiall Corporation and Lotte Chemical Corporation.

"This project is the second of two important petrochemical initiatives Lotte Chemical is developing in the region, and CB&I is pleased to have been selected for both projects," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This award is a testament to their confidence in our experience and ability to safely execute the project."

CB&I has been awarded a multi-year extension on an existing contract valued at more than $100 million for long-term maintenance services at multiple specialty chemical facilities throughout the U.S. Gulf Coast.

"CB&I has long supported our customer through both maintenance and capital projects," said Chip Ray, President of CB&I's Capital Services operating group. "This recent extension underscores our long-standing relationship and our mutual focus on expertise, innovation and safety."


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Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


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