Shaw Awarded Process Technology Package for World\'s Largest Residue ...

Tag : industrial engineering
The Shaw Group Inc. (NYSE: SGR) announced today that its Energy& Chemicals Group has been selected to provide engineeringservices and licensing for its proprietary Residue Fluid CatalyticCracking (RFCC) technology to Abu Dhabi Oil Refining Company(Takreer). The contract award is part of the major grassrootsexpansion of refining capacity at the Ruwais Industrial Complex inthe United Arab Emirates. In addition to its RFCC technology, Shawalso will provide engineering services to integrate and coordinate11 new process units from other licensors at the site.

"Shaw, together with its partners, Axens and Total, is a marketleader in the application of RFCC technology and its integrationinto the petrochemical industry," said Lou Pucher, president ofShaw's Energy & Chemicals Group. "This unit - at 127,100barrels per stream day - is the world's largest under design andfeatures Shaw's advanced light olefins recovery and purificationtechnology for maximum polymer grade propylene production."

The value of Shaw's contract, which has been included in thecompany's previously announced backlog of unfilled orders, was notdisclosed.

Shaw jointly developed the proprietary RFCC technology through analliance with Axens and Total that began in the early 1990s. Thisaward brings the number of licensees of its FCC relatedtechnologies to 42 around the world.

The Shaw Group Inc. is a leading global provider of technology,engineering, procurement, construction, maintenance, fabrication,manufacturing, consulting, remediation and facilities managementservices for government and private sector clients in the energy,chemicals, environmental, infrastructure and emergency responsemarkets. A Fortune 500 company with fiscal 2008 revenues expectedto exceed $7 billion, Shaw is headquartered in Baton Rouge, La.,and employs approximately 27,000 people at its offices andoperations in North America, South America, Europe, the Middle Eastand the Asia-Pacific region. For further information, please visitShaw's Web site at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a"safe harbor" for certain forward-looking statements. Thestatements contained herein regarding the contract award andbacklog are forward-looking statements based on the Company'sestimates for the 2007 fiscal year. These forward-lookingstatements are based on assumptions management believes to bereasonable but actual fiscal 2007 results to be included in ourAnnual Report on Form 10-K for fiscal 2007 may differ from ourcurrent estimates, and those differences could be material andadverse. The Company undertakes no obligation to publicly update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise. A description of some ofthe risks and uncertainties that could cause actual results todiffer materially from forward-looking estimates can be found inthe Company's reports and registration statements filed with theSecurities and Exchange Commission, including its Form 10-K andForm 10-Q reports, and on the Company's Web site under the heading"Forward-Looking Statements." These documents are also availablefrom the Securities and Exchange Commission or from the InvestorRelations department of Shaw. For more information on the companyand announcements it makes from time to time on a regional basis,visit our Web site at www.shawgrp.com.