MOSCOW (MRC) -- Petronas Chemicals Group Bhd has awarded a USD482m contract to build a polypropylene (PP) plant at its new world-scale RAPID refining and petrochemicals site in Malaysia, reported TCE Today.
The engineering, procurement, construction and commissioning contract has been awarded to Italy’s Technimont and China’s Huanqiu Contracting & Engineering.
The firms will build two 450,000 t/y PP units at Petronas’ Refinery and Petrochemicals Integrated Development (RAPID) complex in Pengerang, Johor. The units will use Spheripol and Spherizone process technologies licensed from LyondelBasell.
The work will begin immediately and is set to be completed in April 2019, Petronas Chemicals announced in a stock exchange statement.
RAPID is part of USD27bn project known as the Pengerang Integrated Complex (PIC) that includes a refinery set for start up in early 2019, and a series of chemicals facilities geared to differentiating the state oil major further downstream into specialty chemicals.
As MRC wrote earlier, Petronas postponed the start-up of its USD16bn Refinery and Petrochemical Integrated Development (RAPID) project in Johor to mid-2019, citing a drop in oil prices over the past year.
Petronas, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company wholly owned by the Government of Malaysia. The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.
MRC