Shaw Signs Letter of Intent with SABIC

Shaw Stone & Webster has signed a letter of intent with Saudi Basic Industries Corp. (SABIC) affiliate Yanbu National Petrochemical Company (YANSAB) to provide detailed engineering, procurement and construction for two new units, a butene plant and an aromatics plant. The new units will be located within SABIC's YANSAB petrochemical complex in Yanbu, Saudi Arabia. The butane and aromatics plants will have a designed annual capacity of 135,000 metric tons of butene and 250,000 metric tons of benzene, toluene and xylene mixtures, respectively. Engineering has begun and the YANSAB's plants are scheduled for completion in 2008. The value of the project was not disclosed.

J.M. Bernhard Jr., Chairman and Chief Executive Officer of Shaw said, "We are proud of our leadership position in the Middle East's growing petrochemical and polymers market, and are particularly pleased to continue our business relationship with SABIC on this important project, which is being led by our expert polymers team in Toronto, Ontario."

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Posted 24/04/06

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