Reports related to this article:
Project(s): View 7 related projects in PECWeb
Plant(s): View 7 related plants in PECWeb
Released October 07, 2019 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Global engineering and consultation leader WorleyParsons (North Sydney, Australia) is at the forefront of several big-ticket projects in the U.S. and Canadian Chemical Processing and Oil & Gas Production industries, following its acquisition earlier this year of Jacobs Engineering Group Incorporated's (NYSE:JEC) (Dallas, Texas) energy, chemicals and resources division. Industrial Info is tracking nearly $44 billion in active projects involving WorleyParsons in the U.S. and Canada, about $33 billion of which is split almost evenly between chemicals and energy.
Click on the image at right for a graph detailing WorleyParsons' active projects in the U.S. and Canada, by industry.
In the U.S., the total investment value of projects involving WorleyParsons in the Chemical Processing Industry edge out the value of those in the Oil & Gas Industry, with Louisiana leading among the states. Along the Pelican State's Gulf Coast, Sasol Limited (NYSE:SSL) (Johannesburg, South Africa) is nearing completion of an estimated $1.3 billion LDPE unit addition at its Lake Charles Chemical Complex in Westlake. The unit, which has been under construction since mid-2015, would produce 420,000 metric tons per year of low-density polyethylene (LDPE). WorleyParsons has been working as project management consultant. For more information, see Industrial Info's project report and May 23, 2019, article - Sasol Pushes Ahead with More Costly Louisiana Chemical Complex.
WorleyParsons' engineering roles in Louisiana include a $1.5 billion methanol plant in Saint James, Louisiana, which is owned by Yuhuang Chemical Incorporated, a partnership between Koch Industries Incorporated (Wichita, Kansas) and Shandong Yuhuang Chemical Company Limited (Linyi, China). The project, which began construction in early 2017, is expected to produce about 1.9 million tons per year of methanol following completion, scheduled for next summer. For more information, see Industrial Info's project report.
Another chemicals plant under construction in Louisiana is threatened by a series of lawsuits that may have irreparably damaged its owner's product and public image. Bayer AG (Leverkusen, Germany) thought it had made a historic expansion last year when it acquired crop-science leader Monsanto for $63 billion. But Bayer since has been hit with billions of dollars in legal claims after juries in two U.S. cases found that Roundup, one of Monsanto's top-selling crop products, was a substantial factor in causing non-Hodgkin's lymphoma--and that Monsanto failed to warn consumers of the risk, according to New Orleans' Times-Picayune.
Bayer has denied the allegations and is appealing both rulings, but investors and consumers already have been shaken by the legal fallout. That could be bad news for Bayer's estimated $975 million chemicals plant expansion in Luling, Louisiana, which is designed to increase the production of dicamba, a key ingredient in Roundup. The expansion began construction in early 2017 and is scheduled to be completed in early 2021, with WorleyParsons serving as engineering, procurement and construction (EPC) contractor. For more information, see Industrial Info's project report.
Texas only narrowly trails Louisiana in its total investment value for projects involving WorleyParsons. These include the estimated $300 million polyethylene terephthalate (PET) plant in Corpus Christi, which had been shut down in 2017 when previous owner M&G USA Corporation filed for bankruptcy. The new owner, Corpus Christi Polymers LLC, is a joint venture among Indorama Corporation (Singapore), Far Eastern Investment Holding Limited (Taipei, Taiwan) and Alpek S.A.B. de C.V. (Monterrey, Mexico). Its PET output is estimated to be 2.2 billion pounds per year. For more information, see Industrial Info's project report.
In Canada, WorleyParsons' involvement in the Oil & Gas Industry plays a bigger role on its project slate than its work in the Chemical Processing Industry. One of the highest-profile projects is MEG Energy Corporation's (TSX:MEG) (Calgary, Alberta) estimated $1.5 billion Surmont bitumen-processing plant south of Fort McMurray, Alberta. The company plans to drill multiple horizontal wells and construct a 40,000-BBL/d bitumen-processing plant in what it expects to be the first of a multi-phase project stretching out to at least 2028.
MEG envisions the full Surmont project will have a total production capacity of 120,000 BBL/d of bitumen from three trains using steam-assisted gravity drainage (SAGD) technology, with 55 multi-well production pads. WorleyParons was been signed to provide pre-FEED engineering for each phase. For more information, see Industrial Info's project report.
TC Energy (NYSE:TRP) (Calgary, Alberta), formerly TransCanada Corporation, signed WorleyParsons to provide design-engineering services for its $900 million Coastal GasLink Pipeline in British Columbia, which will transport 2.1 billion cubic feet per day of natural gas about 420 miles from the Montney Shale to the proposed Canada LNG export facility near Kitimat. The project began construction early this year and is scheduled to wrap up in mid-2021. For more information, see Industrial Info's project report.
In the U.S., WorleyParsons' work in the Oil & Gas Production Industry includes BP plc's (NYSE:BP) (London, England) $3 billion Mad Dog 2 Offshore Floating Production Unit in the Gulf of Mexico, which is expected to produce 140,000 barrels per day (BBL/d) in Block 782. BP awarded WorleyParsons a contract for hook-up and commissioning integration services in August. The companies expect the unit to be completed in 2021. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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/.
Click on the image at right for a graph detailing WorleyParsons' active projects in the U.S. and Canada, by industry.In the U.S., the total investment value of projects involving WorleyParsons in the Chemical Processing Industry edge out the value of those in the Oil & Gas Industry, with Louisiana leading among the states. Along the Pelican State's Gulf Coast, Sasol Limited (NYSE:SSL) (Johannesburg, South Africa) is nearing completion of an estimated $1.3 billion LDPE unit addition at its Lake Charles Chemical Complex in Westlake. The unit, which has been under construction since mid-2015, would produce 420,000 metric tons per year of low-density polyethylene (LDPE). WorleyParsons has been working as project management consultant. For more information, see Industrial Info's project report and May 23, 2019, article - Sasol Pushes Ahead with More Costly Louisiana Chemical Complex.
WorleyParsons' engineering roles in Louisiana include a $1.5 billion methanol plant in Saint James, Louisiana, which is owned by Yuhuang Chemical Incorporated, a partnership between Koch Industries Incorporated (Wichita, Kansas) and Shandong Yuhuang Chemical Company Limited (Linyi, China). The project, which began construction in early 2017, is expected to produce about 1.9 million tons per year of methanol following completion, scheduled for next summer. For more information, see Industrial Info's project report.
Another chemicals plant under construction in Louisiana is threatened by a series of lawsuits that may have irreparably damaged its owner's product and public image. Bayer AG (Leverkusen, Germany) thought it had made a historic expansion last year when it acquired crop-science leader Monsanto for $63 billion. But Bayer since has been hit with billions of dollars in legal claims after juries in two U.S. cases found that Roundup, one of Monsanto's top-selling crop products, was a substantial factor in causing non-Hodgkin's lymphoma--and that Monsanto failed to warn consumers of the risk, according to New Orleans' Times-Picayune.
Bayer has denied the allegations and is appealing both rulings, but investors and consumers already have been shaken by the legal fallout. That could be bad news for Bayer's estimated $975 million chemicals plant expansion in Luling, Louisiana, which is designed to increase the production of dicamba, a key ingredient in Roundup. The expansion began construction in early 2017 and is scheduled to be completed in early 2021, with WorleyParsons serving as engineering, procurement and construction (EPC) contractor. For more information, see Industrial Info's project report.
Texas only narrowly trails Louisiana in its total investment value for projects involving WorleyParsons. These include the estimated $300 million polyethylene terephthalate (PET) plant in Corpus Christi, which had been shut down in 2017 when previous owner M&G USA Corporation filed for bankruptcy. The new owner, Corpus Christi Polymers LLC, is a joint venture among Indorama Corporation (Singapore), Far Eastern Investment Holding Limited (Taipei, Taiwan) and Alpek S.A.B. de C.V. (Monterrey, Mexico). Its PET output is estimated to be 2.2 billion pounds per year. For more information, see Industrial Info's project report.
In Canada, WorleyParsons' involvement in the Oil & Gas Industry plays a bigger role on its project slate than its work in the Chemical Processing Industry. One of the highest-profile projects is MEG Energy Corporation's (TSX:MEG) (Calgary, Alberta) estimated $1.5 billion Surmont bitumen-processing plant south of Fort McMurray, Alberta. The company plans to drill multiple horizontal wells and construct a 40,000-BBL/d bitumen-processing plant in what it expects to be the first of a multi-phase project stretching out to at least 2028.
MEG envisions the full Surmont project will have a total production capacity of 120,000 BBL/d of bitumen from three trains using steam-assisted gravity drainage (SAGD) technology, with 55 multi-well production pads. WorleyParons was been signed to provide pre-FEED engineering for each phase. For more information, see Industrial Info's project report.
TC Energy (NYSE:TRP) (Calgary, Alberta), formerly TransCanada Corporation, signed WorleyParsons to provide design-engineering services for its $900 million Coastal GasLink Pipeline in British Columbia, which will transport 2.1 billion cubic feet per day of natural gas about 420 miles from the Montney Shale to the proposed Canada LNG export facility near Kitimat. The project began construction early this year and is scheduled to wrap up in mid-2021. For more information, see Industrial Info's project report.
In the U.S., WorleyParsons' work in the Oil & Gas Production Industry includes BP plc's (NYSE:BP) (London, England) $3 billion Mad Dog 2 Offshore Floating Production Unit in the Gulf of Mexico, which is expected to produce 140,000 barrels per day (BBL/d) in Block 782. BP awarded WorleyParsons a contract for hook-up and commissioning integration services in August. The companies expect the unit to be completed in 2021. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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/.
