The Shaw Group Inc.

The Shaw Group Inc.

March 23, 2005 12:30 ET

Shaw Completes First Leachate Evaporation System in China


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE SHAW GROUP INC.

NYSE SYMBOL: SGR

MARCH 23, 2005 - 12:30 ET

Shaw Completes First Leachate Evaporation System in
China

BATON ROUGE, La.--(CCNMatthews - Mar 23, 2005) -

The Shaw Group Inc. (NYSE:SGR) today announced that Shaw EMCON/OWT's
product subsidiary, LFG Specialties, LLC, has successfully completed the
first landfill leachate evaporator system (E-Vap) for the Er Qing
Environmental Engineering Group Co. at its Anding Landfill, near
Beijing, China. The E-Vap will greatly reduce the cost of leachate
management and will allow China to obtain emission reduction credits
under a program designed as part of the Kyoto Protocol to assist
developing countries in achieving sustainable development.

J. M. Bernhard, Jr., Shaw's Chairman and Chief Executive Officer, said,
"We are pleased to celebrate the successful completion of this project
and look forward to assisting China with their landfill and landfill gas
issues. We've proven our ability to execute projects in this market, and
look forward to additional opportunities to demonstrate our expertise
and technical strength."

Shaw's patented E-Vap system beneficially uses renewable landfill gas
energy to evaporate leachate. The innovative E-Vap provides integrated,
long-term control of these landfill by-products in one reliable process.
Leachate is considered a major issue in China and landfill operators
have in the past had to invest in costly reverse osmosis systems to
handle landfill leachate.

The Anding Landfill E-Vap was approved as China's first Clean
Development Mechanism (CDM) project. The CDM is one of two project-based
flexible mechanisms of the Kyoto Protocol, designed to make it easier
and cheaper for industrialized countries to meet the greenhouse gas
(GHG) emission reduction targets agreed to under the Protocol. The E-Vap
will help the landfill reduce its emissions by up to 800,000 tons of
carbon dioxide equivalent over 10 years.

The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities management
services for government and private sector clients in the power,
process, environmental, infrastructure and emergency response markets. A
Fortune 500 Company with over $3 billion in revenues, Shaw is
headquartered in Baton Rouge, Louisiana, and employs approximately
18,000 people at its offices and operations in North America, South
America, Europe, the Middle East and the Asia-Pacific region. For
further information, please visit the Company's website at
www.shawgrp.com.

Forward-Looking Statements - The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for certain forward-looking
statements. The statements contained herein that are not historical
facts (including without limitation statements to the effect that the
Company or its management "believes," "expects," "anticipates," "plans,"
or other similar expressions) and statements related to revenues,
earnings, backlog, or other financial information or results are
forward-looking statements based on the Company's current expectations
and beliefs concerning future developments and their potential effects
on the Company. There can be no assurance that future developments
affecting the Company will be those anticipated by the Company. These
forward-looking statements involve significant risks and uncertainties
(some of which are beyond our control) and assumptions and are subject
to change based upon various factors. Should one or more of such risks
or uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. A
description of some of the risks and uncertainties that could cause
actual results to differ materially from such forward-looking statements
can be found in the Company's reports and registration statements filed
with the Securities and Exchange Commission, including its Form 10-K and
Form 10-Q reports, and on the Company's website under the heading
"Forward-Looking Statements". These documents are also available from
the Securities and Exchange Commission or from the Investor Relations
department of Shaw. For more information on the company and
announcements it makes from time to time on a regional basis visit our
website at www.shawgrp.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The Shaw Group Inc., Baton Rouge
    Chris D. Sammons, 225-932-2500