PetroChina Contract Win for Shaw Stone & Webster

Shaw Stone & Webster has been awarded two contracts to provide technology, engineering and procurement services to PetroChina for its Dushanzi Petrochemical Company's new petrochemical complex in the Xinjiang Province, China. The contracts, which have a combined value of approximately $50 million, cover technology, basic engineering, procurement of key equipment and materials, technical training, and commissioning and start-up services.

The first contract provides that Dushanzi's new 320,000 metric-tons-per-year ethylbenzene/styrene monomer (EB/SM) plant will be based on ethylbenzene and styrene technology licensed to Dushanzi by Shaw Stone & Webster. Under the second contract, the new Dushanzi 130,000 metric-tons-per-year polystyrene plant will be based on proprietary technology provided by Shaw Stone & Webster through its license from General Electric Advanced Materials (GEAM) and its alliance with Process Development Services (PDS). When completed, the polystyrene plant will produce 40,000 metric tons per year of high impact polystyrene and 90,000 metric tons per year of general purpose polystyrene.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "Our technology team continues to offer differentiated proprietary technologies to Shaw clients to meet their business expansion needs. This is Shaw's first polystyrene license, demonstrating our commitment to expanding our proprietary process technology portfolio and in this instance, providing polymer technologies downstream of EB/SM technology."

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Posted 29/05/06

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