Primoris Services Corporation Announces Procurement Phase of Engineering & Supply Award Valued at Over $30 Million
- The original award was for the design and supply of four fired heaters and was announced in
October 2015. In 2016, the project was put on hold by the owner. OnQuestcompleted the engineering in 2017 and has now been released to proceed with the procurement of the heaters.
- The heaters are a critical component of a new multi-billion polypropylene facility, the first propane-to-plastics facility in Canada. The new facility will benefit from low-cost feedstock, as shale gas drilling has led to an abundance of propane in
- In addition to the heaters,
OnQuestwill be designing and supplying associated equipment including the integrated steam system and overall Burner Management System (BMS) for the heaters.
- Delivery of the heaters is expected in the second quarter of 2019.
Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest publicly traded specialty construction and infrastructure companies in
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements, including with regard to the Company's future performance. Words such as "estimated," "believes," "expects," "projects," "may," and "future" or similar expressions are intended to identify forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, including without limitation, those described in this press release and those detailed in the "Risk Factors" section and other portions of our Annual Report on Form 10-K for the period ended
Director of Investor Relations
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