CB&I Looks to $3 Billion in Project Completions in 2017, Adds Ethane Cracker to Gulf Coast Slate

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.

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