CB&I (NYSE:CBI) today announced a joint venture between CB&I and CTCI Corporation, Taiwan, has received a notice of intention of award valued at approximately $2.8 billion from Oman Oil Refineries and Petroleum Industries Company (Orpic) to provide engineering, procurement and construction (EPC) for cracker Package 1, which includes the steam cracker and associated utilities for the Liwa Plastics Industrial Complex Project in Sohar, Oman.
The scope of work includes EPC for a grassroots 880-ktpa ethylene plant, pygas unit and MTBE unit, as well as all the related off-sites and utilities. CB&I's scope of work also includes the construction of cryogenic and atmospheric storage tanks and pipe spool fabrication. As previously announced, the cracker will employ CB&I's latest, proven ethylene technology, including highly selective SRT® cracking heaters, and its innovative recovery section design, featuring low-pressure separation and mixed refrigeration.
"CB&I is pleased to have been selected for this significant project following the successful completion of the front end engineering and design of the Liwa Plastics Project for Orpic," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This new award builds upon the successful relationship between Orpic and CB&I and is a testament of our customer's confidence in our experience and world-class project execution capabilities."