The energy infrastructure company, CB&I, has been awarded a contract reportedly worth $1 billion for the engineering, procurement and construction of an ethane cracker and assorted utilities and offsites in Texas.
Ingleside Ethylene LLC, a joint venture between Occidental Chemical Corporation (OxyChem) and Mexichem, S.A.B. de C.V., awarded the contract to CB&I. The cracker will be able to produce approximately 1.2 billion pounds annually of ethylene and will be located inside OxyChem’s existing complex in Ingleside, Texas. It is anticipated that the feedstock for the cracker will be ethane derived from domestic shale gas.
CB&I have already provided the technology license and basic engineering for the ethylene technology, five SRT® (short residence time) cracking heaters and the front-end engineering and design (FEED) services.
Philip K. Asherman, CB&I’s President and Chief Executive Officer, has stated, “The award of this important ethylene project in the U.S. reflects the quality of work CB&I has provided to OxyChem and MexiChem to date. It shows the clients’ confidence in our ability to provide a complete range of services from proven licensed process technology, fabrication and FEED services to engineered products, all the way through to EPC.”