MOSCOW (MRC) -- Maire Tecnimont, in a JV with China HuanQiu Contracting & Engineering Corp. (HQC) has been awarded by PRPC Polymers a package of Petronas’ Integrated Complex (PIC) relating to the realization of a high density polyethylene (HDPE) unit on an EPCC (engineering, procurement, construction and commissioning) lump sum turn-key basis, for an amount of approximately USD328 MM, reported Hydrocarbonprocessing.
The contract will be 65% Tecnimont and 35% HQC.
This award follows up the USD482-MM contract granted to the same JV by Petronas in November, 2015. The unit will be located inside the PIC, in Pengerang, in the southeastern region of Johor, Malaysia, where the JV is currently carrying out the activities related to the first project.
PRPC Polymers is a wholly owned subsidiary of Petronas Chemicals Group Berhad which in turn is a subsidiary of Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas multinational, one of the largest players in the sector globally. Beijing-based HQC, affiliated with China National Petroleum Corporation (CNPC), is a leading engineering company in the Oil & Gas industry in China and a reputable EPC contractor in the region.
The project’s scope of work envisages the provision of complete engineering services, equipment and material supply, erection and construction activities up to start up and guarantee test run. Completion is expected in early 3Q of 2019.
The HDPE unit will be based on LyondelBasell’s Hostalen Advance Cascade Process (HACP) technology and will have a capacity of 400 Mtpy.
This achievement provides further evidence of Maire Tecnimont’s global leadership in the polyolefins field, enabling to expand the Group’s geographical footprint in South East Asia, an area that keeps showing interesting downstream prospects.
As MRC informed before, Petronas) is seeking to raise USD7.2 bln (RM29.5 bln) for its Refinery and Petrochemical Integrated Development (Rapid) project in one of the largest project financings from Asia in recent years.
Besides, in December 2015, Petronas awarded the Johor port operatorship for its Refinery and Petrochemicals Integrated Development (RAPID) project to Johor Port Bhd (JPB). As the port operator, JPB will manage the operations and logistics functions at the material offloading facility (MOLF) for Petronas’ Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang.
Petronas plans to build a C6-based metallocene linear LDPE plant and a low density polyethylene (LDPE)/ethylene vinyl acetate (EVA) swing plant at its greenfield integrated refinery and petrochemical complex in southern Johor state by mid-2019. The proposed metallocene LLDPE will have a capacity of 350,000 tpa, while the LDPE/EVA will have a capacity of about 150,000 tpa. The two plants are part of Petronas' planned Refinery and Petrochemical Integrated Development project in Pengerang at Johor. RAPID includes a 300,000 bpd refinery and a petrochemical complex with a 3 million tpa steam cracker, and is expected to come onstream in mid-2019. The petrochemical complex will have the capacity to produce 7.7 million tpa of petrochemical products.
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