Lotte Chemical awards $365MM contract to CB&I for Louisiana MEG project

CB&I has been awarded a contract valued in excess of $365 million by Lotte Chemical to provide construction services for a monoethylene glycol (MEG) facility in Lake Charles, Louisiana, officials announced on Monday.

The MEG facility will be located adjacent to the ethane cracker, as announced by a joint venture between Axiall and Lotte Chemical.

"This project is the second of two important petrochemical initiatives Lotte Chemical is developing in the region, and CB&I is pleased to have been selected for both projects," said Philip K. Asherman, CB&I's president and Chief Executive Officer. 

"This award is a testament to their confidence in our experience and ability to safely execute the project," he added.