CB&I awarded $1 billion contract by Ingleside Ethylene
Ethylene is a joint venture between Occidental Chemical Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation, and Mexichem. The cracker will have the capacity to produce approximately 1.2 billion pounds per year of ethylene. Feedstock for the cracker is anticipated to be ethane derived from domestic shale gas.
CB&I 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.
"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," said Philip K. Asherman, CB&I's president and chief executive officer. ■