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Released April 20, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Chicago Bridge & Iron Company N.V. (NYSE:CBI) (The Hague, Netherlands) is in a good position to wrap up several major projects and move forward on others this year. The engineering, procurement and construction (EPC) provider is slated to see nearly $3 billion in projects reach completion before the end of the year, about 75% of which are in North America, and recently agreed to service a major ethane cracker project on the U.S. Gulf Coast, all of which are being tracked in Industrial Info's project platform.

The two largest CB&I projects currently set to finish construction this year are at U.S. natural gas-fired, combined-cycle (NGCC) facilities: Calpine Corporation's (NYSE:CPN) (Houston, Texas) $760 million addition at York Energy Center in Delta, Pennsylvania, and AES Corporation's (NYSE:AES) (Arlington, Virginia) $600 million revamp of the Eagle Valley Generating Station in Martinsville, Indiana. Calpine is adding a power block featuring two combustion turbines and a steam turbine generator at the York Energy Center, which is expected to generate 760 megawatts (MW); AES is building a new plant on existing property, featuring two combustion turbine generators and a steam turbine, to generate 656 MW. For more information, see Industrial Info's reports on the York Energy and Eagle Valley projects.

Last year, CB&I began construction on a string of energy-related projects in the U.S. Gulf Coast region that are set to be completed before the end of 2017: Entergy Corporation's (NYSE:ETR) (New Orleans, Louisiana) $1 billion NGCC unit addition at St. Charles Energy Center in Montz, Louisiana, Occidental Petroleum Corporation's (NYSE:OXY) (Houston, Texas) $200 million in ethylene storage caverns in Markham, Texas, and 8 Rivers Capital LLC's (Durham, North Carolina) $140 million NET Power Research Demonstration Project in La Porte, Texas.

The St. Charles project alone is expected to generate 980 MW through the construction of a combined-cycle unit featuring a pair of combustion turbine generators and a steam-turbine generator. The NET Power project will attempt to use carbon dioxide to drive a combustion turbine to reduce emissions from natural gas-fired generation. For more information, see Industrial Info's reports on the St. Charles and NET Power projects.

The Markham project will include a leaching plant, leach salt caverns, and ethylene gathering and injection systems, to support Occidental's recently completed $1.2 billion ethylene unit addition at the Ingleside Project in Gregory, Texas, for which CB&I also performed EPC services. Occidental also is employing CB&I to build $75 million in surface facilities for the storage caverns, including up to 5,000 horsepower of engine-driven compression. For more information, see Industrial Info's project reports on the storage caverns, surface facilities and completed ethylene unit.

The U.S. Gulf Coast also is the site of a very big feather recently added to CB&I's cap: Total S.A.'s (NYSE:TOT) (Paris, France) $1.6 billion construction of an ethane cracker in Port Arthur, Texas. Total recently awarded CB&I a contract valued at roughly $1.3 billion to provide EPC services for the project, which will have an ethylene capacity of 1 million metric tons per year. CB&I previously had received a contract for front-end engineering and design services and the ethylene technology license. CB&I also was contracted for $130 million in related outside battery limits (OSBL) features for the cracker. For more information, see Industrial Info's project reports on the ethane cracker and the OSBL features.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
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