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Primoris Services Corporation Announces Industrial Awards Valued Over $62M

DALLAS, May 20, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new industrial awards with a combined value over

Benzinga · 05/20/2020 11:32

DALLAS, May 20, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new industrial awards with a combined value over $62 million. The contracts were secured by Primoris Industrial Constructors, part of the Power, Industrial, and Engineering segment. 

  • The first award is for the construction of the outside the battery limits (“OSBL”) portion of a renewable diesel expansion project in Louisiana. The scope includes civil, mechanical, structural, and electrical work. The project was designed by Primoris Design & Construction under a separate contract, and Primoris Industrial Constructors will coordinate with Primoris Design & Construction to ensure an efficient engineering and construction interface. Work is scheduled to commence in the second quarter of 2020, and completion is expected in the third quarter of 2021.
  • The second award is for the civil portion of an air separation unit and partial oxidation plant expansion project in Texas. The plant expansion will help lower the existing plant’s NOx and CO2 emissions. The scope includes foundations, underground piping, and a grounding grid. Work is scheduled to commence in the second quarter of 2020, and completion is expected in the third quarter of 2020.