CCC Gets Seawater Cooling Job.Athens-based Consolidated Contractors International Co. (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ) has received a letter of intent for the EPIC contract on the LNG LNG (liquefied natural gas): see under natural gas. 1/W4 project, which will see the planned Qatar Liquefied Gas Company II (Qatargas II) complex and the proposed Ras Laffan ethylene cracker connected to Ras Laffan Industrial City's common seawater seawater Water that makes up the oceans and seas. Seawater is a complex mixture of 96.5% water, 2.5% salts, and small amounts of other substances. Much of the world's magnesium is recovered from seawater, as are large quantities of bromine. cooling system cooling system: see air conditioning; internal-combustion engine; refrigeration. cooling system Apparatus used to keep the temperature of a structure or device from exceeding limits imposed by needs of safety and efficiency. . The award, valued at just over $100m, was made after QP received final prices from three bidders. The two other bidders for the contract were Japan's Marubeni Corp. and Sharjah-based Petrofac Int'l. Bidders were asked to submit prices for steel pipes and glass-reinforced piping (GRP GRP Group GRP Group (file name extension) GRP Glass Reinforced Plastic GRP Gastrin-Releasing Peptide (biology) GRP Gross Rating Point (advertising) ), with QP deciding in favour of the GRP option. The contract primarily covers large-diameter pipeline work to and from the two new installations. The Ras Laffan common seawater cooling system, originally built by CCC, has a capacity of about 300,000 cubic metres an hour (cm/h), although a phase 2 expansion is planned. Main contract awards have already been placed on the Qatargas II plant and Ras Laffan cracker. |
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