13 June 2013 04:51 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Engineering (Group) Co Ltd (SEG) has entered into an engineering, procurement and construction (EPC) contract with Kazakhstan Petrochemical Industries (KPI) for a total value of about $1.85bn (€1.38bn), Sinopec said on Thursday.
Under the contract the SEG will build a 500,000 tonnes/year propane dehydrogenation (PDH) unit and polypropylene (PP) unit located in the region of Karabatan, Atyrau State, Kazakhstan, according to a Sinopec statement on its website.
The contract term is expected to be 36 months, the statement said without disclosing the specific start date.
SEG is a wholly owned subsidiary of the Sinopec Group which focuses on providing integrated engineering service and technical patent for domestic and overseas refining and chemical engineering market.
($1 = €0.75)
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