Pulse 05/26/2014 Planning Belgium Total S.A. is planning to modify the existing naphtha cracker unit at its refinery in Antwerp. The cracker is designed to process hydrocarbon streams recovered from new refinery off-gas and interconnecting works. Maire Tecnimont SpA has been selected as the general contractor. The project has been valued at $100 million. Total S.A., 2, place Jean Miller, La Defense 6, Paris, France. DR#14-00486408. Brazil Prumo Global Logistics is planning to build a new offshore support-base terminal at the T2 terminal at the Port of Acu. Edison-Chouest Offshore is the designer. The project is valued at $50 million.
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.