Engineering-study contract awarded for Bolivia ethylene, PE plant

24 October 2012 23:13  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Italian engineering firm Tecnimont has won a $3.8m (€2.9m) contract to carry out a conceptual engineering study for an ethylene and polyethylene (PE) plant in southern Bolivia, Bolivian state-run oil company YPFB said on Wednesday.

The study will include evaluation of the project site, raw-material supply, technology and production processes, construction logistics and financial analysis, YPFB said.

The study should be completed in the first half of 2013, the company said.

Italy’s Technip and Argentinian-US consortium Techint-Foster Wheeler also tabled proposals but failed to meet the requirements outlined in the bidding rules.

“Tecnimont has extensive experience in the petrochemical industry, particularly in the engineering and construction of polymer plants,” said YPFB.

“The study will allow YPFB to make strategic decisions in order to progress to the next stage of the project,” the company said.

The plant will be in the Gran Chaco area in the southern Bolivian department of Tarija. It is scheduled to start up in 2017.

The plant is expected to have a production capacity of 600,000 tonnes/year of PE.

According to YPFB, the plant will use 756,000 tonnes/year of ethane feedstock from the nearby Gran Chaco liquids separation plant.

($1 = €0.77)

By: Simon West

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