JGC wins $500 million construction contract
25 Nov 2002
JGC, Japan has been selected to construct an ethylene plant at the Daya Bay Economic and Technical Development Zone, Huizhou City, Guangdong Province, China by CNOOC and Shell Petrochemicals (CSPC). CSPC is a joint venture between Shell Nanhai and CNOOC Petrochemicals Investment Limited (CPIL).
According to a statement, JGC will carry out the engineering, equipment and material procurement, construction and commissioning for the 800,000 t/y ethylene plant. The contract value is approximately $500 million. Delivery date is scheduled for September 2005.
Three major petrochemical complex construction projects are currently under way in China.
CSPC plans to invest $4.3 billion in the construction of the petrochemical complex, which will produce approximately 2.3 million tonnes per year of products, generating up to $1.7 billion in product sales.
The ethylene plant will form part of the petrochemical complex comprised of an ethylene cracker, TCG hydrogenation unit (processing 857,000 t/y), benzene extraction unit (255,000 t/y), and a butadiene extraction unit (130,000 t/y).
The ethylene and propylene produced will be used as feedstock in the polyethylene and polypropylene plants, which are to be constructed as downstream plants of complex.
