Shaw to Provide EPC Services and Technology for BASF FINA

Shaw Group's Stone & Webster unit has been awarded a contract to provide engineering, procurement, construction, technology and pre-commissioning services for a new pyrolysis furnace and associated auxiliary facilities at the BASF FINA Petrochemicals LP (BFLP) Naphtha Steam Cracker in Port Arthur, Texas.

The project, which will utilize Shaw Stone & Webster's state-of-the-art proprietary USC(R) Pyrolysis Furnace technology, is scheduled for completion in 2008. The value of the contract was not disclosed.

Under a separate contract, Shaw also provided a technology solution to improve the performance within the BFLP gasoline fractionator unit. The application of Shaw Stone & Webster's proprietary RIPPLE TRAY technology affords BFLP the advantages of high capacity performance with equally high fouling resistance.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "Our focus on innovative technologies and solutions continues to successfully position Shaw in the expanding chemicals industry. Shaw's proprietary USC(R) Pyrolysis Furnace and RIPPLE TRAY technologies allow our clients to achieve premier process performance, thermal efficiency and ultra-low emissions without compromising reliability and availability. We are pleased to continue our partnership with BASF and Total and to provide unique solutions that meet their needs and differentiate Shaw in the marketplace." BFLP is a joint venture of BASF Corporation and Total Petrochemicals USA, Inc., two of the worlds leading petrochemical companies. The Port Arthur facility operates one of the largest steam crackers of its type in the world, turning naphtha and light hydrocarbons into ethylene, propylene, and other chemical raw materials.

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