29-08-2014
SINOPEC Engineering signed $1.32B contract with PETRONAS
SINOPEC Engineering (Group) Co., Ltd announced that the Company formally entered into an EPCC (engineering, procurement, construction and commissioning) package contract of Project RAPID with PRPC, a subsidiary of Petroliam Nasional Bhd. The total contract value is approximately US$1.329 billion.
Located in the region of Pengerang, Johor, Malaysia, Project RAPID is a substantial oil refining and petrochemical integrated engineering project owned by PETRONAS. Project RAPID will contribute towards meeting the growing demands for oil products and chemical material in Southeastern Asia. The work scope of SEG under the Contract includes a 15 million tons per annum (“Mtpa”) Crude Distillation Unit, an 8.8 Mtpa Atmospheric Residue Desulphurization Unit, a Hydrogen Collection and Distribution Unit and a Fuel Oil System. The expected contract term is 52 months.
Mr. Yan Shaochun, Executive Director and Chief Executive Officer of SEG, commented “Project RAPID is the open door to collaboration between SEG and PETRONAS. After rounds of bidding against well-known international engineering companies, awarding the contract fully demonstrates SEG's comprehensive competitiveness. This is the first large-scale EPC project in Malaysia won by SEG and is crucial for SEG in expanding Southeast Asia and other overseas markets. With strong technological capabilities, SEG had rich experience in undertaking the EPC for state-of-the-art 10 MTPA class of refinery and 1 MTPA class of ethylene complex. We will continue to leverage on our technological competitiveness and industry experience for providing excellent services to our clients.”
SEG is the leading oil refining, petrochemical and new coal chemical engineering company in the PRC. The Company’s engineering service covers a number of industries including oil refining, petrochemicals, new coal chemicals, inorganic chemicals, pharmaceutical chemicals and clean energy. The Company provides an integrated service chain from technological R&D, licensing, consulting, financing-assistant, procurement, construction, commissioning and start-up services. Leveraging 60 years of industry experience and continual innovation in specialized technologies, the Company has developed the strongest execution capabilities in the PRC with respect to engineering and constructing large-scale oil refining, petrochemical and new coal chemical complexes and is highly competitive in the international engineering market.
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