BBC Chartering supported CP Chem´s Texas cracker

November 2014 – The CP Chem project is a US $ 6bln project which was first announced in 2011, and finally approved in March 2013.  According to Chevron Philips, the cracker has a footprint of the size of nearly 50 football fields, with 350 miles of piping; 1,600 miles of cable and 140,000 tons of concrete.

With the shale gas revolution underway, growing supplies of natural gas liquids become available in the US and chemical companies from around the world have announced plans for a significant number of new projects to build and expand their shale advantaged capacity in the United States. 
In the years to come unconventional gas could provide half of US natural gas needs, compared to only 8% in 2008. Currently about 100 chemical industry investments valued at US $72bln have been announced.

The loop reactor was fabricated in South Korea and was shipped onboard the BBC Coral, a 14,800dwt heavy lift vessel, to Freeport, Texas in October. With its 800mt lifting capacity, the vessel and its operating crew catered for an impeccable project delivery. BBC Chartering currently operates nine vessels of this type.

 

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