The Shaw Group (SHAW) Awarded Technology License and Design Contract by Chevron Phillips Chemical
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The Shaw Group Inc. (NYSE: SHAW) has been awarded a contract by Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) to license its proprietary technology and provide a process design package for a 1.5 million ton per annum grassroots ethylene plant. The new facility, which will be located at Chevron Phillips Chemical’s existing Cedar Bayou Plant in Baytown, Texas, will be designed to use economical supplies of ethane feedstock derived from increased shale gas production.
The undisclosed value of the contract will be included in Shaw’s Energy & Chemicals segment’s backlog of unfilled orders in the first quarter of fiscal year 2012.
The undisclosed value of the contract will be included in Shaw’s Energy & Chemicals segment’s backlog of unfilled orders in the first quarter of fiscal year 2012.
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