CB&I bags Lotte’s monoethylene glycol unit contract in US

CB&I bags Lotte’s monoethylene glycol unit contract in US

11:51 AM, 22nd December 2015
CB&I bags Lotte’s monoethylene glycol unit contract in US
Philip Asherman, president and CEO, CB&I. (File photo)

THE WOODLANDS, US: Chicago Bridge & Iron Company NV (CB&I) said it has been awarded a contract valued in excess of $365 million by Lotte Chemical LLC, to provide construction services for a monoethylene glycol (MEG) facility in Lake Charles, Louisiana.

The MEG facility will be located adjacent to the ethane cracker, as announced by a joint venture between Axiall Corporation and Lotte Chemical Corporation.

“This project is the second of two important petrochemical initiatives Lotte Chemical is developing in the region and CB&I is pleased to have been selected for both projects,” said Philip Asherman, president and CEO, CB&I.

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