12-06-2013
Essar Projects secures US$90M contract in Abu Dhabi
Essar Projects, a global Engineering, Procurement and Construction contractor headquartered in Dubai, today announced that it has secured another two orders worth US$90 million, one from Abu Dhabi Polymers Company Limited and the other from Abu Dhabi Gas Industries Limited.
The company has now secured a total of five projects in Abu Dhabi in recent times amounting to US$170 million, helping Essar Projects augment its presence in the competitive Middle East market. Of these five projects, three have been directly awarded on EPC basis to Essar Projects Limited. With this the order book of Essar Projects Limited has swelled to over US$3.5 billion.
Mr Alwyn Bowden, President & CEO, Essar Projects, said, “This is another step forward for Essar Projects in the region, underpinning our strategy to secure strong projects in our core sectors and to deliver real long-term value to our key customers.”
Borouge has awarded a direct contract to EPL involving engineering, procurement and construction of process equipment, associated pipelines and control systems for PE Color Grade Compounding (CGC) plant in Ruwais to be completed in a time frame of 22 months.
The second order worth US$55 million from Abu Dhabi Gas Industries Limited (GASCO) involves EPC and Commissioning (EPCC) of 24 inches x 110 km condensate pipeline from Habshan to Ruwais in Abu Dhabi. The project needs to be completed in 26 months.
Commenting on the development, Mr Amit Gupta, CEO, Hydrocarbons SBU, Essar Projects, said, “It is a real achievement to have secured these projects in the highly cost competitive hydrocarbons sector in the region and Essar Projects is very clear in its commitment to take this achievement to further higher levels in the future.”
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Kent plays integral role in Fawley petrochemical complex
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical ...
11-04-2024