Great Lakes Dredge & Dock will proceed with the largest project in its 133 year history Ship’s crew

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has received a Notice of Improvements to the Brownsville Ship Channel for NextDecade Corporation’s Rio Grande LNG Project — the largest project award in the dredging company’s 133-year history.

The project includes deepening the entrance canal, building two shipping docks and improving commercial shipping to the Port of Brownsville.

The announcement comes after Houston-based NextDecade Corporation made a final $18 billion investment decision to build the first three liquefaction trains at the Rio Grande LNG terminal — the largest planned liquefied natural gas export facility in the United States

At full capacity, Rio Grande LNG will produce 27 million tonnes of LNG for export. It also includes a major carbon capture and storage component that aims to capture and permanently store over 5 million tons of CO2 per year, reducing carbon emissions by over 90%.

Great Lakes is expected to begin the project later this year.

“This exciting milestone project is Great Lakes’ largest in its 133-year history,” said Lasse Petterson, President and CEO of Great Lakes. “We look forward to working with NextDecade and other stakeholders, including the US Army Corps of Engineers and the Port of Brownsville, on this important improvement project that will benefit shipping interests and enable future development of the Port of Brownsville.” Our proven performance and safety culture allows us to support the growth of US LNG exports, which is a necessity to balance energy affordability and overall sustainability.”

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