McDermott's CB&I to Build LNG Storage Tanks to Heat Homes & Businesses in Southeastern Wisconsin During the Coldest Winter Days
HOUSTON, Jan. 11, 2022 /PRNewswire/ -- McDermott's storage business, CB&I, has been contracted by We Energies to design and build two liquefied natural gas (LNG) storage tanks for peak shaving facilities in southeastern Wisconsin.
"Demand for natural gas fluctuates daily and seasonally," said Cesar Canals, Senior Vice President of CB&I. "By storing LNG when demand is low, energy companies can ensure adequate supply when demand is at its peak—which are normally the coldest days of winter in Wisconsin."
Both facilities, slated for construction in Bluff Creek and Ixonia, Wisconsin, will each have the capacity to store twelve million gallons of liquefied natural gas and will be accompanied by an above-ground water storage tank for fire protection.
"CB&I built the first LNG peak shaving facility in North America which is still in operation today," Canals said. "Its construction dates back to 1965 and is a testament to the quality and longevity of performance that you can expect from facilities designed and built by CB&I."
Mechanical completion is expected in the fall of 2023—in advance of the winter peak heating season.
About CB&I
CB&I is the world's leading designer and builder of storage facilities, tanks and terminals. With more than 59,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. To learn more, visit www.cbi.com.
About McDermott
McDermott is a premier, fully integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally focused and globally integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected scope, timing and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.
Contacts:
Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636
[email protected]
Local Area Media Relations
Kallise Clayton
Communications & Marketing, CB&I
+1 281 870 5274
[email protected]
SOURCE McDermott International, Ltd
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