Shaw to Provide Technology, Engineering and Procurement Services for New Petrochemical Complex in China

The Shaw Group Inc. (NYSE:SGR) announced today that its
Shaw Stone & Webster unit has been awarded two contracts to provide
technology, engineering and procurement services to PetroChina for its
Dushanzi Petrochemical Company's new petrochemical complex in the
Xinjiang Province, China. The contracts, which have a combined value
of approximately $50 million, cover technology, basic engineering,
procurement of key equipment and materials, technical training, and
commissioning and start-up services.
The first contract provides that Dushanzi's new 320,000
metric-tons-per-year ethylbenzene/styrene monomer (EB/SM) plant will
be based on ethylbenzene and styrene technology licensed to Dushanzi
by Shaw Stone & Webster. Under the second contract, the new Dushanzi
130,000 metric-tons-per-year polystyrene plant will be based on
proprietary technology provided by Shaw Stone & Webster through its
license from General Electric Advanced Materials (GEAM) and its
alliance with Process Development Services (PDS). When completed, the
polystyrene plant will produce 40,000 metric tons per year of high
impact polystyrene and 90,000 metric tons per year of general purpose
polystyrene.
J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw,
said, "Our technology team continues to offer differentiated
proprietary technologies to Shaw clients to meet their business
expansion needs. This is Shaw's first polystyrene license,
demonstrating our commitment to expanding our proprietary process
technology portfolio and in this instance, providing polymer
technologies downstream of EB/SM technology."
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities management
services for government and private sector clients in the energy,
chemical, environmental, infrastructure and emergency response
markets. Headquartered in Baton Rouge, Louisiana, with over $3 billion
in annual revenues, Shaw employs approximately 22,000 people at its
offices and operations in North America, South America, Europe, the
Middle East and the Asia-Pacific region. For further information,
please visit Shaw's website at www.shawgrp.com.

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