Geismer

Williams Olefins LLC has awarded CB&I a $300 million contract for expansion of ethylene production capacity in Geismer, LA (see Shale Daily, Sept. 21, 2011). The award includes the license and basic engineering for the ethylene technology, the supply of the cracking furnaces and engineering, procurement, and construction of the expansion. Plant capacity is expected to be increased from 1.35 to 1.95 billion pounds per year. “The petrochemicals market is re-emerging in the U.S. due to the abundance of lower-cost ethane feedstock, directly attributable to increased shale gas production,” said CB&I CEO Philip K. Asherman. Ethylene, mainly produced via steam cracking, is the primary building block for the chemical industry and is used to produce a variety of products including plastics, fibers and rubbers.