MOSCOW (MRC) -- Foster Wheeler has announced that a subsidiary of its global engineering and construction (E&C) group was awarded a contract by Dow Chemical to provide services for the LA-3 crack more ethane (CME) project at Dow’s Plaquemine petrochemical complex in Louisiana, as per Hydrocarbonprocessing.
The services include detailed engineering, procurement and construction management (EPCm) work.
The objective of the project is to improve the plant's ethane flexibility to take advantage of low-cost feedstock. The scope will include brownfield additions and retrofit modifications to the plant.
The project is part of Dow’s comprehensive US Gulf Coast investment strategy.
The contract value was not disclosed. The initial release of work will be included in the company’s second quarter 2013 bookings, while the main release is expected to be recorded in the third quarter of 2013.
We remind that, as MRC wrote previously, in March 2013, Dow Chemical signed a long-term ethylene off-take agreement with a new Japanese joint venture that will allow the chemical producer to enhance its performance plastics franchise. The joint venture is being formed between Japanese companies Idemitsu Kosan and Mitsui & Co. to construct and operate a Linear Alpha Olefins unit on the U.S. Gulf Coast.
The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow is a large producer of plastics, including polystyrene (PS), polyurethane, polyethylene (PE), polypropylene (PP), and synthetic rubber. In 2012, Dow had annual sales of approximately USD57 billion. The company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe.