HOUSTON, Sept. 25, 2018 /PRNewswire/ — McDermott International, Inc. MDR, -2.69% appear today a arrangement accolade from Bayport Polymers LLC, a collective adventure of Total Petrochemicals & Refining USA, Inc., and Novealis Holdings LLC (a collective adventure of Borealis AG and NOVA Chemicals Inc.), for its new High-Density Polyethylene (HDPE) plant, the Borstar Bay3 Project, in Bayport, Texas.
McDermott’s ambit of assignment on the Borstar Bay3 Activity includes the engineering, procurement, fabrication, and architecture (EPFC) of a 625,000 tons/year HDPE plant. Activity beheading will be led out of McDermott’s Houston offices. The Activity will be based on a modular access that will advance the Company’s world-class ability in Altamira, Mexico, to calmly accumulate and accumulate action and aqueduct arbor modules. The architecture appearance will advantage the backbone of McDermott’s Gulf Coast absolute appoint architecture capabilities and will accommodate the use of specialty sub-contracts.
“This accolade continues our able and acceptable accord with the Total, Borealis, NOVA Chemicals JV aggregation afterward the accolade in March of 2017 for their ethane cracker in Port Arthur,” said Richard Heo, Senior Vice President for North, Central and South America. “The Borstar Bay3 Activity is an archetype of how our angular integrated, ‘One McDermott Way’ operating archetypal delivers amount to our barter while abbreviation amount and accident on projects of this scale.”
Mechanical achievement and architecture of the ability are accepted to be complete in 2021. The new bulb will additionally be accessible for hydrocarbon addition in 2021.
McDermott is a premier, absolutely chip provider of technology, engineering and architecture solutions to the activity industry. For added than a century, barter accept trusted McDermott to architecture and body end-to-end basement and technology solutions—from the bubbler to the accumulator tank—to carriage and transform oil and gas into the articles the apple needs today. Our proprietary technologies, chip ability and absolute solutions bear certainty, addition and added amount to activity projects about the world. Barter await on McDermott to bear authoritativeness to the best circuitous projects, from abstraction to commissioning. It is alleged the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally focused and globally-integrated assets accommodate about 40,000 advisers and engineers, a adapted agile of specialty abyssal architecture argosy and artifact accessories about the world. As acclimated in this columnist release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates. To apprentice more, appointment www.mcdermott.com.
In accordance with the Safe Harbor accoutrement of the Private Securities Litigation Reform Act of 1995, McDermott cautions that statements in this columnist absolution which are forward-looking, and accommodate added than absolute information, absorb risks, contingencies and uncertainties that may appulse McDermott’s absolute after-effects of operations. These advanced statements include, amid added things, statements about backlog, to the admeasurement this may be beheld as an indicator of approaching revenues or profitability, and the accepted scope, execution, amount and timing of the activity discussed in this columnist release. Although we accept that the expectations reflected in those advanced statements are reasonable, we can accord no affirmation that those expectations will prove to accept been correct. Those statements are fabricated by application assorted basal assumptions and are accountable to abundant risks, contingencies and uncertainties, including, amid others: adverse changes in the markets in which we accomplish or acclaim markets, our disability to auspiciously assassinate on affairs in backlog, changes in activity architecture or schedules, the availability of able personnel, changes in the terms, ambit or timing of contracts, arrangement cancellations, change orders and added modifications and accomplishments by our barter and added business counterparties, changes in industry norms and adverse outcomes in acknowledged or added altercation resolution proceedings. If one or added of these risks materialize, or if basal assumptions prove incorrect, absolute after-effects may alter materially from those expected. For a added complete altercation of these and added accident factors, amuse see McDermott’s anniversary and anniversary filings with the Securities and Exchange Commission, including its anniversary address on Form 10-K for the year concluded December 31, 2017 and consecutive anniversary letters on Form 10-Q. This columnist absolution reflects management’s angle as of the date hereof. Except to the admeasurement appropriate by applicative law, McDermott undertakes no obligation to amend or alter any advanced statement.
Investor Relations Scott Lamb Vice President, Investor Relations 1 832 513 1068 [email protected]
Global Media RelationsGentry Brann Global Vice President, Communications 1 281 870 5269 [email protected]
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SOURCE McDermott International, Inc.
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