12 July 2011 15:16 [Source: ICIS news]
HOUSTON (ICIS)--CB&I has won a $300m (€213m) contract for a planned natural gas processing project in the US north-eastern Marcellus shale gas region, the US-based energy and petrochemicals engineering firm said on Tuesday.
CB&I said its contract for the 200m cubic foot/day natural gas processing plant, with associated fractionation capability, is expected to be completed next year.
The company did not disclose which firm awarded the contract or where exactly the plant will be built.
“As gas production ramps up in US shale basins, we are well positioned to support the infrastructure development needs of these strategically important projects,” Philip Asherman, CEO of CB&I, said.
Natural gas liquids from shale gas are seen as an important source of feedstock for chemicals production.
($1 = €0.71)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections