Harsco's Infrastructure Group Secures Role in Construction of World's Largest Gas to Liquids Plant
HARRISBURG, Pa., Feb. 23, 2009 - Worldwide industrial services company Harsco Corporation announced today its receipt of an international award to provide rental scaffolding and formwork equipment and erection and dismantling services during construction of the world's largest gas to liquids refinery, the Pearl GTL Plant in Qatar.
The award, initially valued in excess of $1.3 million, calls for Harsco's highly engineered concrete formwork and scaffolding systems to support the project's Phase I construction over the next 12 months, with the potential for follow-on expansion when the project enters Phase II.
The construction site based in Ras Laffan on Qatar's north east coast some 55 miles north of Doha is one of the world's largest industrial developments, currently involving more than 40,000 workers and over two million tons of prefabricated parts. When completed in 2011, the plant, a joint development between Qatar Petroleum and Shell, is projected to produce enough fuel for more than 160,000 cars a day and enough synthetic base oil each year to make lubricants for more than 225 million cars, as well as chemical feedstock for plastics and detergents.
Harsco will support the project through its resident operation SGB AL Darwish United WLL in Qatar, part of a broad regional network of Harsco-equipped operations that directly support the significant infrastructure expansion that continues throughout the Middle East Gulf Cooperation Council (GCC) states, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. Harsco has achieved formwork and scaffolding roles on such massive GCC infrastructure projects as the Burj Dubai tower, the world's tallest building, and the New Doha International Airport, scheduled to open this year as the new home of Qatar Airways. The Company has targeted the GCC region as a key focus for continued infrastructure project growth.
"Coupled with our recently announced orders in Romania, Peru, France and the U.S., this latest order from Qatar clearly demonstrates the continuing opportunities for our Harsco Infrastructure business group, both in developed economies and key emerging markets, consistent with our stated strategies for growth," said Harsco Chairman and CEO Salvatore D. Fazzolari.
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery, including infrastructure, metals and railways. The Company employs approximately 21,000 people in 50 countries of operation and recorded 2008 sales of approximately $4 billion. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index.
Additional information can be found at www.harsco.com.
Media Contact:
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
