31-01-2023
KP Engineering acquired by The Shaw Group
KP Engineering, a leader in the design and execution of customized EPC solutions for the refining, syngas, hydrogen, and renewable fuels industries, is pleased to announce the completed acquisition of its assets by The Shaw Group, a leader in global pipe and module fabrication. Going forward the company’s new legal entity will be KP Shaw, LLC.
Shaw has built a reputation as the premier fabrication company throughout the U.S. and Middle East, with 1500 employees across six state-of-the-art facilities. This strategic acquisition will further enable Shaw to deliver complete engineering, procurement, and fabrication (EPF) project solutions to a variety of industries around the world.
KPE brings a 19-year history of superior engineering, procurement, and project management to Shaw, which will now offer unparalleled modular and EPF solutions to the oil and gas, hydrogen and chemical, and renewable fuels and energy industries.
William E. Preston, who will continue as the President and CEO of KP Shaw, LLC, says, “This acquisition serves to fulfil an urgent requirement for bankable EPF service capacity in the growing North American market. KPE enhances the services in Shaw’s already strong portfolio of offerings, which includes pipe, module, and structural steel fabrication, induction bending and specialty coating services. The integration of Shaw’s high-quality services will enable us to better meet the needs of our well-established customer base and will also provide us with fresh opportunities to engage with new customers on a global scale.”
“The completion of this transaction is another significant step for Shaw in growing our capabilities to service throughout the entire project lifecycle,” said Mike Childers, President and CEO of The Shaw Group, “KPE’s unique expertise in the energy transition markets is an excellent complement to our existing portfolio in the oil and gas, pulp and paper, pharmaceuticals, food and beverage and wastewater industries. I am happy to welcome the KPE team to join Shaw’s operations.”
Shaw acquired all the assets and ongoing operations of KP Engineering, LP subsuming existing leases at facilities. The new legal entity KP Shaw, LLC will operate as a subsidiary of The Shaw Group. Branding for this entity will be established in the coming months.
News Category:
-
Shell Catalysts & Technologies to deliver a process design package for the Humber H2ub® project
The international energy company Uniper, and Shell UK Limited (Shell UK), have awarded Shell Catalysts & Technologies a contract to deliver a process design package ...
21-03-2023
-
Sempra launches Port Arthur LNG project
Sempra today announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, ...
20-03-2023
-
CNOOC and Shell Petrochemicals select Technip Energies for the Huizhou Phase III project
Technip Energies has been awarded a contract by CNOOC and Shell Petrochemicals Company Ltd. (CSPC) for the Huizhou Phase III project, a mega liquid ethylene cracker located ...
20-03-2023
-
McDermott awarded EPsCm Contract from Slovnaft
McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification ...
20-03-2023
-
ExxonMobil boosts fuel supply with Beaumont refinery expansion
ExxonMobil today announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining ...
16-03-2023
-
Saudi Aramco and Linde Engineering to develop ammonia cracking technology
Aramco, one of the world’s leading integrated energy and chemicals companies, and Linde Engineering, a global leader in the production and processing of gases, announced ...
15-03-2023
-
LyondellBasell commissions world's largest PO/TBA unit
LyondellBasell today announces it has successfully started up the world's largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas. These new assets ...
15-03-2023
-
API 685 OH2 and VS4 magnetic drive pumps from Amarinth selected by ADNOC
Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, primarily for the offshore and onshore ...
14-03-2023
-
New company strategy launched by LyondellBasell
LyondellBasell hosts its Capital Markets Day today at the New York Stock Exchange and is introducing its new long-term strategy which is aligned with the company's purpose ...
14-03-2023
-
Emerson secures contract to automate Golden Triangle polymers facility
Global technology and software leader Emerson will provide automation technologies, software and analytics from its Plantweb™ digital ecosystem for the Golden Triangle ...
13-03-2023