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WORLEY LIMITED — Capital/Financing Update 2013
May 22, 2013
66073_rns_2013-05-22_0d8ab649-3819-4ba9-a16b-2e237ab50fdc.pdf
Capital/Financing Update
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Level 12, 141 Walker Street North Sydney NSW 2060 Australia Telephone: +61 2 8923 6866 Facsimile: +61 2 8923 6877 worleyparsons.com WorleyParsons Limited ABN 17 096 090 158
23 May 2013
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
EPCM contract award for the Celanese Methanol project, Clear Lake, Texas, US
WorleyParsons is pleased to announce the signing of a contract for the Engineering, Procurement and Construction Management (“EPCM Agreement”) with Celanese Corporation (NYSE:CE) for the development of their Methanol project in Clear Lake, Texas. The estimated revenue to WorleyParsons from this EPCM Agreement is US$86 million.
The methanol unit will utilize abundant natural gas in the U.S. Gulf Coast region as a feedstock and will be located at Celanese's existing Clear Lake facility. Production is scheduled to commence in mid-2015.
Commenting on the award, WorleyParsons’ Chief Executive Officer Andrew Wood said, “We are pleased that the Celanese team has chosen WorleyParsons for the development of this worldscale methanol project. This contract builds upon the successful long-term relationship we have developed with Celanese”.
For further information, please contact:
Iain Ross Group Managing Director Development Ph: +61 3 8676 3439 www.worleyparsons.com
Geoff Fowlstone Fowlstone Communications Ph: +61 2 9955 9899 Mob: +61 413 746 949 [email protected]