Shaw to Provide Technology, Engineering And Procurement For Two Grassroots ABS Plants In China

Baton Rouge, LA - The Shaw Group Inc. announced recently that its Energy & Chemicals Group has been awarded a contract to provide proprietary technology, engineering and procurement services for two 200,000 metric tons per annum acrylonitrile butadiene styrene (ABS) plants for Tianjin Dagu Chemical Industry Co., Ltd. The plants will be located in Tianjin Industrial Park, Lingang Industry Area, in the city of Tianjin. The value of Shaw's contract, which has been included in the company's previously announced backlog, was not disclosed.

The contract covers the licensing, process design package, detailed engineering support, training and commissioning of the plants as well as procurement of proprietary and critical equipment. Shaw's agreement with SABIC Innovative Plastics Technologies, Inc. (formally GE Plastics Global Technology, LLP) will enable the two Tianjin Dagu plants to utilize the licensed styrenic emulsion ABS technology.

"We are pleased to be the first company in the world selected by SABIC Innovative Plastics to license its leading ABS technology," said J.M. Bernhard Jr., chairman, president and chief executive officer of Shaw. "We look forward to working with our long-term client, Tianjin Dagu, on this important project as we further establish Shaw as a market leader in the Chinese petrochemicals market."

In 2007, Shaw announced another contract with Tianjin Dagu Chemical Industry Co., Ltd. to provide technology, basic engineering and critical equipment procurement services for a 500,000 metric tons per annum ethylbenzene/styrene monomer (EB/SM) plant also located in Tianjin, China.

SOURCE: The Shaw Group Inc.