Shaw takes styrene package

10 February 2006

US-based Shaw International is understood to have been awarded the contract to build the styrene monomer plant at the Olefins II petrochemical complex in Shuaiba. Construction will take about two years. The client is The Kuwait Styrene Company (TKSC).

Shaw was low bidder for the estimated $200 million-250 million lump-sum turnkey (LSTK) engineering, procurement and construction (EPC) contract after the submission of revised prices in October. The other bidders were the US/Korean joint venture (JV) of Foster Wheeler and Hyundai Engineering & Construction Company, and South Korea's Daelim Industrial Company, which was ranked first on price in the original pricing in early September (MEED 21:10:05).

The scope of works involves the construction of the 450,000-tonne-a-year (t/y) unit, which will be supplied with ethylene from the complex's ethane cracker under construction by Paris-based Technip. The technology provider is the US' Dow Chemical Company, which is overseeing the development of the Olefins II complex in JV with the local Petrochemical Industries Company (PIC). The styrene unit is the last of the main process packages to be awarded. In autumn, the Foster Wheeler/Hyundai joint venture was awarded the ethylene oxide/ethylene glycol package, while the US' Fluor Corporation is carrying out the polyethylene unit expansion in its role as engineering, procurement and construction management (EPCM) contractor for the offsites and utilities programme and as the complex's overall project management consultant (PMC - MEED 20:1:06; 25:11:05).

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