Shaw Capital Awarded Contract For Proprietary Technology And Engineering For New Ethylene Plant

By Author: The Shaw Group Inc.
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BATON ROUGE, La., Dec 08, 2010 --The Shaw Group Inc. (NYSE: SHAW) today announced it has been selected by GAIL (India) Limited (GAIL) to provide its proprietary technology and basic engineering for a new 450,000 tons per annum ethylene plant. Shaw also will provide support during detailed engineering, procurement and construction, and commissioning and startup of the plant, which will be part of GAIL's petrochemical complex in Pata, Uttar Pradesh, India.
Get the latest news and learn about how Shaw capital and its management help clients go green, avoid scam, fraud and designed to help customers achieve regulatory compliance, reduce environmental impact and create long-term benefits.
"Shaw provided technology and basic engineering for GAIL's first 400,000 tons per annum ethylene plant at Pata in the late 1990s. The performance of that plant, coupled with our ability to integrate ...
... it with the new parallel plant, will result in capital and energy savings for our customer," said Lou Pucher, president of Shaw's Energy & Chemicals Group.
The undisclosed value of the contract was included in Shaw's Energy & Chemicals segment's backlog of unfilled orders in the first quarter of fiscal year 2011.
Shaw has designed and/or built more than 120 grassroots ethylene plants worldwide. Five of those plants are in India, where Shaw also has participated in numerous projects to revamp or expand existing facilities. Shaw recently announced full commercial operation of a 1.3 million metric ton per year ethylene plant for Eastern Petrochemical Company (SHARQ) in Al-Jubail, Saudi Arabia.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.
This press release contains forward-looking statements and information about our current and future prospects, operations and financial results, which are based on currently available information.Actual future results and financial performance could vary significantly from those anticipated in such statements.
Among the factors that could cause future events or transactions to differ from those we expect are those risks discussed in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, our Quarterly Reports on Form 10-Q for the quarters ended November 30, 2009, February 28, 2010, and May 31, 2010, and other reports filed with the Securities and Exchange Commission (SEC).Please read our "Risk Factors" and other cautionary statements contained in these filings.Our current expectations may not be realized as a result of, among other things:
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