It’s a go for new Maritime’s gas/petrochemical plant

Halifax-based Keltic Petrochemicals Inc. has commenced front-end engineering and design work for a US$3.3 billion integrated petrochemical and liquefied natural gas (LNG) facility in Goldboro, NS. Keltic announced it has signed a memorandum of understanding with Stone & Webster, Inc. to provide engineering and design services for the project.
Keltic’s integrated project consists of a world-class petrochemical plant, an LNG regasification receiving terminal and gas storage facility, demethanizing units, power and steam co-generation up to 200 MW, and related utility and offsite infrastructure and systems. The LNG facility will provide feedstock to the petrochemical plant and natural gas to the Maritimes and Northeast pipeline system. The project has been in development for four years and is now in the environmental permitting stage. Keltic is raising second-round equity for the project and expects to commence construction by mid 2005.