MOSCOW (MRC) -- CB&I announced it has been awarded a contract valued at approximately USD115 million, as part of the scope of the ethylene project, by Ingleside Ethylene LLC, a joint venture between Mexichem, S.A.B. de C.V. (Mexichem) and Occidental Chemical Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation, for the engineering, procurement and construction of an ethylene storage facility in Markham, Texas, said Snl.
The scope of work consists of the surface facilities—including compression, dehydration, metering and associated pipe fabrication—at the salt cavern storage location. The storage facility is integral with the ethylene cracker where as previously announced, CB&I is providing the license for the ethylene technology, five SRT(short residence time) cracking heaters and the engineering, procurement and construction of the ethylene cracker in Ingleside, Texas.
"The ethylene cracker is a significant project both for OxyChem and Mexichem, and the award of this project reflects the quality of work CB&I has provided to date," said Patrick K. Mullen, President of CB&I's Engineering & Construction operating group. "It shows the customers' confidence in CB&I's ability to offer a more complete supply chain solution—from proven licensed process technology, fabrication and engineered products, all the way through to the EPC process."
CB&I is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality.
As MRC informed earlier, officials for the Occidental Chemical Corp. and a Mexican petrochemical company will jointly build a USD1 billion ethylene cracking plant in Ingleside. Construction of what is being called Ingleside Ethylene has been underway at OxyChem's plant in Ingleside for several months. But officials for OxyChem and Mexichem hosted a ceremony Wednesday to publicly kick off the project.
Occidental Petroleum Corporation (Oxy) is a California-based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa, and South America. Oxychem is Oxy"s Texas-based subsidiary which manufacture polyvinyl chloride (PVC) resins, chlorine and caustic soda used in plastics, pharmaceuticals and water treatment chemicals.
Mexichem, of Tlalnepantla, an industrial municipality close to Mexico City, is Latin AmericaпїЅs largest manufacturer of PVC pipe, vinyl resins and compounds. The company has annual revenues of more than USD5 billion and has been listed on the Mexican Stock Exchange for more than 30 years.
MRC