Engineering and construction firm Shaw Group Inc. said it was selected for a contract to help chemical company China National BlueStar Corp. convert heavy crude feedstock into ethylene and propylene.

The company's Shaw Stone & Webster unit will license and supply process design services for purification and recovery technology to China National BlueStar.

Ethylene is used in the manufacture of other chemicals, such as plastics, while propylene can be used to make polypropene, which is used in a wide variety of markets.

China National BlueStar (Group) Corp. is a state-owned enterprise and a subsidiary of ChemChina Group Corp. The company is headquartered in Beijing and has a total asset value of over $3 billion and annual revenue around the same amount.

Source:佚名