You are currently viewing: News


PEC secures contracts worth $250m with existing clients

PEC Ltd. (PEC, and together with its subsidiaries and associated companies, the Group) has secured S$250 million worth of new contracts with existing clients in its key Asia and Middle East markets.

These include a contract in the Middle East, where the Group will provide engineering, procurement and construction (EPC) works for a crude oil tank terminal with a storage capacity of approximately 600,000m3. When this project is completed in 2020, PEC would have built more than 2 million m3 of storage capacity in the Middle East, strengthening its established track record in storage terminal facilities there.

The other awards include an EPC contract for propylene tankage facilities in Singapore as well as an EPC gas pipelines project and mechanical works.
Mr Robert Dompeling, PEC’s Group Chief Executive Officer, said: “These contract wins testify to our clients’ confidence in our capabilities to deliver well on time and meet exacting standards, affirming PEC as a trusted brand in the process industry.

“The pickup in downstream investments in Asia and the Middle East – from the upgrading of existing infrastructure to the construction of new facilities – present opportunities for PEC, supported by our strong reputation and proven integrated project and maintenance capabilities. We are well placed to tap on these prospects but will continue to exercise prudence in bidding for new contracts.”

PEC’s new projects are expected to have a positive contribution to the Group’s earnings for the current financial year ending 30 June 2019.

Sponsor : 

Other News Items

Seminar | Graham Corporation VacAdemics Seminar in New Delhi

Graham Corporation will be holding their popular VacAdemics Seminar in New Delhi on 26 September 2018, the day after Refining India’s 2018 Conference. About ...


Samsung awards Mammoet new contracts for petrochemical sites

Mammoet is pleased to announce two new contracts with Samsung Engineering (Thailand) Co Ltd to provide transport and heavy lift works as part of two petrochemical projects ...


Metso celebrates its 150th anniversary

In 2018, Metso celebrates its 150th anniversary. The story of Metso started in 1868 as a local ironworks, and is linked to the development of urban environments and the ...


Graham Corporation awarded three orders

Graham Corporation, a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, today ...


CVR refining announces intent to sell Cushing tank farm assets

CVR Refining, LP, a refiner and marketer of petroleum fuels, today announced that it intends to sell its Cushing, Oklahoma, crude oil tank farm and currently is entertaining ...


Chart receives brazed aluminum plate fin heat exchanger order from Babcock

Chart has been awarded a contract by Babcock to provide brazed aluminum plate fin heat exchangers (BAHX) for its patent-pending ecoSMRT® LNG reliquefaction system ...


Wison Engineering and Gazprom Neftekhim Salavat to collaborate

Wison Engineering Services Co. Ltd. recently announced that its indirect wholly-owned subsidiary Wison Engineering Ltd. entered into a memorandum with Gazprom neftekhim ...


Ergon BioFuels plans to close ethanol plant

Ergon BioFuels, LLC, a subsidiary of Ergon, Inc., has announced plans to close its ethanol plant in Vicksburg, Mississippi, in December 2018. The 56.5 million gallon ...


Alfa Laval wins energy efficiency order

Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply air cooler systems to a gas processing plant ...


Toyo Engineering and Irkutsk Oil to cooperate on ethylene plant

On September 10, 2018 at the Eastern Economic Forum being held at Vladivostok, Russia, Toyo Engineering Corporation (TOYO) and Irkutsk Oil Company (INK) exchanged the ...