28 March 2012 09:35 [Source: ICIS news]
TOKYO (ICIS)--Toyo Engineering and Egypt’s Engineering for the Petroleum & Process Industries (ENPPI) have won a contract from The Egyptian Ethylene and Derivatives Company (ETHYDCO) to build two petrochemical units at Alexandria in Egypt, the Japanese firm said on Wednesday.
The total value of the contract for both projects, namely a 460,000 tonne/year ethylene plant and a 20,000 tonne/year BD extraction unit, is approximately $600m (€450m) and the plants are scheduled to be started up in early 2015, Toyo Engineering said in a statement.
Under the lump-sum turnkey contract, Toyo Engineering and ENPPI will execute the engineering, procurement and construction, and commissioning based on the ethylene technology of US-based Lummus Technology, the statement said.
The Japanese firm will lead the project execution, mainly engaging in project management, and the basic engineering and procurement of key equipment.
ENPPI will primarily be in charge of joint project management and detailed engineering, the statement added.
Both companies will execute the construction and commissioning by cooperating with The Petroleum Projects and Technical Consultations Company (Petrojet), an Egyptian construction company, as a subcontractor, the statement said.
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