16 October 2013 22:45 [Source: ICIS news]
HOUSTON (ICIS)--ICA Fluor and Empresas ICA have signed a contract to revamp the vinyl chloride monomer (VCM) plant in the Pajaritos petrochemical complex near Veracruz, Mexico, Fluor announced on Wednesday.
The total contract value is about $205m (€152m), and Fluor plans to book its $102.5m share of the industrial engineering joint venture in the fourth quarter of 2013, the US-based company said.
Fluor will perform engineering, procurement, construction, maintenance and commissioning services at the Pajaritos plant, which is being upgraded to reach its nameplate VCM capacity of 405,000 tonnes/year from its current production rate of about 200,000 tonnes/year, the company said.
The project is to be completed by the fourth quarter of 2015, Fluor said.
The plant is operated by Petroquimica Mexicana de Vinilo (PMV), a joint venture between petrochemical producer Mexichem and state-run energy giant Pemex.
($1 = €0.74)
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