Chiyoda Corporation announced a joint venture between Chiyoda International Corporation, a U.S. based wholly-owned subsidiary of Chiyoda, CB&I (NYSE: CBI) and Zachry Industrial Inc., a Zachry Group company (Zachry), has been awarded a contract valued in excess of $2 billion by FLNG Liquefaction 3, LLC, for the engineering, procurement and construction of the third train of three train natural gas liquefaction and export facility on Quintana Island, near Freeport, Texas.
Upon completion, the three train liquefied natural gas (LNG) liquefaction facility will have a total capacity in excess of 13.9 million tons per year of LNG. Chiyoda International Corporation is participating in trains one and two project with CB&I and Zachry.
Chiyoda is a leading contractor for designing and constructing LNG plants, accounting for more than 40 percent of the world’s total LNG production capacity based on its innovative plant design and world class project execution capabilities with a relentless drive for safety. Chiyoda and its partners, CB&I and Zachry, bring their substantial LNG experiences for Freeport LNG to successfully complete this project.
About Freeport LNG
Freeport LNG Expansion, L.P. is a wholly owned subsidiary of Freeport LNG Development, L.P., which owns and operates an existing LNG regasification terminal located near Freeport, Texas. The terminal started commercial operation in June 2008. Freeport LNG Development, L.P.’s limited partners are: Freeport LNG Investments, LLLP and FLNGI Option Holdco, LLC, each owned by Michael S. Smith; ZHA FLNG Purchaser LLC, a Delaware limited liability company; Texas LNG Holdings, LLC, a wholly owned subsidiary of The Dow Chemical Company; and Turbo LNG, LLC, a wholly owned subsidiary of Osaka Gas Co., Ltd.
About Chiyoda
Chiyoda Corporation (TSE: 6366; ISIN: JP3528600004), headquartered in Yokohama, Japan provides services in the fields of engineering, procurement and construction on a global basis for gas processing, refineries and other hydrocarbon or industrial plant projects, particularly gas value chain projects throughout the globe.
About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality.
About Zachry Group
Zachry Group is America's pace-setter in turnkey construction, engineering, maintenance, turnaround and fabrication services to the power, energy, chemicals, manufacturing and industrial sectors.
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