Thursday 21 January 2021

Equate's Oyster Creek project wins top global honours

KUWAIT CITY, August 1, 2020

Kuwait-based Equate Group said one of its key developments, MEGlobal BookraMEG Oyster Creek, has been named the 2020 Best Project in the Industrial/Energy category by ENR Texas & Louisiana.
The project - nicknamed “BookraMEG” (meaning “future MEG”) - is a world-scale 750,000 metric-ton-per-annum monoethylene glycol (MEG) and di-ethylene glycol facility (DEG) being built by
MEGlobal, a wholly-owned subsidiary of Equate at Dow’s Oyster Creek site in Freeport, Texas. 
The new Oyster Creek MEG facility will be owned by MEGlobal and is the company’s first manufacturing unit in the US.
The new MEGlobal plant will create 1,400 construction jobs at the project’s peak, and the company will employ approximately 50 new workers when it goes on stream in mid-2019, said the statement from Equate.
In addition to being completed ahead of schedule, below budget and with an excellent safety record, it was the first time the Equate Group constructed a new EG facility in the US.
On the key achievement, Equate CEO Dr Ramesh Ramachandran said: "During a period when there was an extraordinary number of construction projects in the US Gulf Coast, MEGlobal was able to capitalize on the expertise of its shareholders and the collaboration of its contract partners." 
"Dow’s world class engineering and procurement support coupled with the active participation of the global engineering work force of Equate enabled us to select the best work practices across the world," stated Dr Ramachandran. 
"We will forever be grateful to this project team that delivered a world scale plant safely and ahead of schedule," he added.
The project was co-submitted for award by MEGlobal, Worley (general contractor) and Fluor (construction contractor) and was one of 18 selected from more than 130 submissions.
MEGlobal Project Director Clarence Stadlwieser: "This was an outstanding project in every sense and we are incredibly proud to be recognized for the teamwork, safety commitment and operational excellence demonstrated by the entire organization."
According to Equate, the project was judged on its safety, international teamwork, ability to overcome challenges, innovation, complexity, contribution to the industry/community, construction quality and craftsmanship, and functionality of design and aesthetic quality.
Jason Kraynek, Fluor’s senior VP Sales (Energy & Chemicals) said safety was the first priority of the project.
"MEGlobal, Worley, and Fluor were fully aligned that safety was the overriding project objective and nothing would compromise this attitude. As other project contractors were brought on board, they were aligned with this objective and a key part of contractor selection was the contractor’s past safety record," he noted. 
"The entire project senior management team continuously emphasized focus on safety, both in design and execution of construction," he added.
Worley’s President Stephen Hillier said: "It was no small feat, but working together, we were able to complete this world-scale facility eight months faster than the industry average. The success of the project is testament to the rigor and dedication of the team – always collaborating towards a common goal."
"Over the course of the project, we achieved continuous safe work, minimized rework and met project requirements. I’m grateful to MEGlobal for the trust they had in Worley and Fluor to partner with them and accelerate construction in a safe manner," he added.
The winners of ENR’s National Best Project Awards will be celebrated at a ceremony in Houston on October 23, 2020.-TradeArabia News Service 


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