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Shaw Awarded Ethylene Plant Expansion Project in Turkey by Petkim

November 06/2009
Nov. 6 (yourpetrochemicalnews.com) -- The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a contract by Petkim Petrochemical Holding AS to provide engineering and procurement services and additional study work for an ethylene plant capacity expansion in Aliaga, Turkey. Shaw built the original 300 kTA plant in 1986 and performed basic engineering for the previous capacity revamp to 520 kTA in 1999. The new expansion will increase ethylene production capacity by approximately 10 percent.

The undisclosed value of the contract will be included in the Energy & Chemicals segments backlog of unfilled orders in the first quarter of fiscal year 2010.

Shaw-designed ethylene plants have established a global reputation for exceptionally high operational reliability, rapid startup and superior performance, said Lou Pucher, president of Shaws Energy & Chemicals Group. Our revamp experience and know-how, coupled with our intimate knowledge of the Aliaga plant, has allowed us to identify capacity gains that other licensors and contractors would not be able to achieve.

An established leader in ethylene technology, Shaw has provided technology, design, engineering and/or construction for more than 120 plants with a worldwide reputation for exceptionally high operational reliability, rapid startup and superior performance. Since 1990, Shaw technology has been selected for 35 percent of the world"s ethylene capacity increases. Currently, Shaw is providing technology and EPC services for several other major olefins projects worldwide.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2009 annual revenues of $7.3 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 28,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record"s list of Top 500 Design Firms. For further information, please visit Shaw"s Web site at www.shawgrp.com.

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