09 April 2012 15:44 [Source: ICIS news]
HOUSTON (ICIS)--US engineering firm CB&I has been awarded a contract to expand ethylene capacity at a Williams olefins plant in Geismar, Louisiana, CB&I said on Monday.
The contract is valued at about $300m (€228m) and includes the “license and basic engineering for the ethylene technology, the supply of the cracking furnaces and the detailed engineering, procurement and construction of the expansion project”, CB&I said.
The plant’s ethylene capacity is expected to be increased by about 600m lb/year (272,000 tonnes/year).
In September 2011, Williams announced plans to expand ethylene output at its Geismar cracker.
The project’s expected capital spending is in the range of $350m–400m in 2012-13, the company said.
Earlier this month, Williams declared force majeure on US ethylene as a result of a disruption at the Geismar cracker.
Sources said on April 2 that the cracker will be down for two weeks and the company will restrict supply at 50%.
($1 = €0.76)
Additional reporting by Al Greenwood and William Lemos
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