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Chexpress - August 13, 2013
13 August 2013
North America
Contract
A subsidiary of Foster Wheeler AG’s Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC for a propane dehydrogenation unit (PDH) and associated power, utilities and infrastructure at a plant in Mont Belvieu, Texas. The contract value was not disclosed. The construction will be executed through Foster Wheeler’s combined use of direct-hire labor and subcontractors.
Contract
A subsidiary of Foster Wheeler AG’s Global Engineering and Construction Group has been awarded a contract by The Dow Chemical Company to provide detailed engineering, procurement and construction management (EPCm) services for the LA-3 Crack More Ethane (CME) project at Dow’s Plaquemine petrochemical facility in Louisiana. The project is aimed at improving the plant ethane flexibility to take advantage of low-cost feedstock. The scope includes brownfield additions and retrofit modifications to the plant. The contract value was not disclosed.
Sale
ConocoPhillips is selling its stake in a Canadian oil sands project to Exxon Mobil Corp and Imperial Oil Ltd for about $720 million. The all-cash deal involves the sale of 226,000 acres of undeveloped land known as the Clyden oil sands leasehold. After the deal closes, Exxon Canada will own a 72.5 percent interest in the land, with Imperial controlling the rest.
World
Gas Chemical Project
The Irkutsk region will provide assistance to LLC Irkutsk Oil Company (INK) on a 120 billion ruble project to build a gas chemical complex near Ust-Kut, Russia. INK is currently researching the possibility of implementing such a project and is starting to draft a feasibility study for a potential investment project aimed at developing gas reserves at the Yaraktinskoye, Markovskoye and West Ayanskoye hydrocarbon deposits. The project entails the construction of a comprehensive gas treatment unit. INK expects to start supplying pipeline gas to Ust-Kut in the first half of 2016.
Contract
The National Methanol Company, a manufacturing affiliate of the Saudi Basic Industries Corporation, has awarded the engineering, procurement and construction contract for its polyoxymethylene (POM) project to an unnamed company. This brings National Methanol Company closer to producing high-strength, low-friction engineering plastic. The project is an expansion of the company’s existing operations as a joint venture between Sabic, CTE and Duke Energy. The POM plant is expected to have an annual capacity of 50,000 tons.
Project Delay
Petronas will start up its $19 billion petrochemicals complex in Malaysia in 2018 – a further delay in the country’s largest-ever infrastructure project. Petronas had already put back the project from late 2016 to early 2017. The project has apparently been complicated by the need to secure water supplies as well as cater for proposed international partners.
