Rotary wins $26m Singapore plant deal with Neste

17 September 2008 11:25  [Source: ICIS news]

SINGAPORE (ICIS news)--Rotary Engineering Ltd has secured a S$37.9m ($26.3m) deal to build storage tanks for Neste Oil’s new generation biofuel plant in Tuas, Singapore, the company said on Wednesday.


The engineering, procurement and construction (EPC) contract awarded by Technip Italy SpA involved the construction of 11 storage tanks - including five for feedstock and two for bio-naphtha - that would have a combined storage capacity of 141,000 cubic metres, it said.


Rotary Engineering said work on the project had started and should be completed by the end of next year.         


Singapore-based Rotary provides EPC and maintenance services that support the oil, gas and petrochemicals industry, while Neste Oil is a Finland-based refinery.


Technip is the main EPC contractor for Neste’s €550m plant in Singapore.


($1 = S$1.44)


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By: Pearl Bantillo
+65 6780 4359

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