Shaw Stone & Webster Awarded Project for Petrochemical Plant

Shaw Stone & Webster unit has been awarded an engineering, procurement and construction services contract by The Kuwait Styrene Company K.S.C. (TKSC), a joint venture between Dow Europe Holding B.V., a subsidiary of The Dow Chemical Company, and Kuwait Aromatics Company K.S.C. (KARO) for an ethylbenzene styrene monomer (EBSM) plant to be built in Kuwait. The plant, which will produce up to 500,000 metric tons per year of ethylbenzene and 450,000 metric tons per year of styrene monomer, will be built within the existing EQUATE complex. The amount of the contract was not disclosed.

The new ethylbenzene plant will utilise proprietary EBMax technology provided by Badger Licensing LLC, a joint venture of Shaw Stone & Webster and ExxonMobil Chemical Company. Dow Europe Holding will provide the styrene monomer technology. Work will commence immediately with start-up of the plant scheduled for 2008.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "This win is another example of our ability to leverage proprietary technologies as we expand our portfolio of chemical services projects. The EBMax technology, first commercialised in 1995, is currently in use at 11 other plants around the world for a combined capacity of seven million metric tons."

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Posted 09/02/06

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