09-29-2015, 12:28 PM
This project will most likely be sanctioned by TOTAL in 2016.
The Total Investment Cost (TIC), over a project period of 4 years, will be on the order of $3 Billion give or take.
Not very much considering TOTAL's intention is to spend $18 Billion per year on Capital Expenditure (25% of which is on E&P and 75% for Projects such as this one and PNG LNG).
CB&I Announces Contract for Ethylene Cracker Project
PR Newswire
THE WOODLANDS, Texas, Sept. 23, 2015
THE WOODLANDS, Texas, Sept. 23, 2015 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Total Petrochemicals & Refining USA, Inc. to provide its proprietary ethylene technology and front-end engineering and design (FEED) services for a proposed new ethane cracker located in Port Arthur, Texas. The proposed cracker will have a capacity of one million metric tons per year of ethylene. CB&I will provide FEED services and the process license for its latest, proven ethylene technology, including seven highly selective SRT® (short residence time) cracking heaters.
"We appreciate the opportunity to work with Total, one of the world's largest integrated producers and look forward to collaborating closely with them to develop this project through FEED and beyond," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "The award of both the technology license and the FEED phase for this significant ethylene project reflects the confidence Total has in CB&I's integrated capabilities."
The Total Investment Cost (TIC), over a project period of 4 years, will be on the order of $3 Billion give or take.
Not very much considering TOTAL's intention is to spend $18 Billion per year on Capital Expenditure (25% of which is on E&P and 75% for Projects such as this one and PNG LNG).
CB&I Announces Contract for Ethylene Cracker Project
PR Newswire
THE WOODLANDS, Texas, Sept. 23, 2015
THE WOODLANDS, Texas, Sept. 23, 2015 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Total Petrochemicals & Refining USA, Inc. to provide its proprietary ethylene technology and front-end engineering and design (FEED) services for a proposed new ethane cracker located in Port Arthur, Texas. The proposed cracker will have a capacity of one million metric tons per year of ethylene. CB&I will provide FEED services and the process license for its latest, proven ethylene technology, including seven highly selective SRT® (short residence time) cracking heaters.
"We appreciate the opportunity to work with Total, one of the world's largest integrated producers and look forward to collaborating closely with them to develop this project through FEED and beyond," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "The award of both the technology license and the FEED phase for this significant ethylene project reflects the confidence Total has in CB&I's integrated capabilities."
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