China’s Sinopec Engineering signs $1.85bn EPCC with KPI

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)

By: Viola Pan
+65 6780 4359

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