A consortium of Toyo Engineering and Egypts state-run ENPPI has won a $600 million contract to build a 460,000 tpy ethylene plant and a 20,000 tpy butadiene extraction plant as part of Ethydco's petrochemical complex to be established in Alexandria, Egypt.
This will be Toyos second ethylene plant in Egypt after 300,000 tpy ethylene plant was completed in 2001 for Sidi Kerir Petrochemicals Co. (SIDPEC), the company said.
Toyo and ENPPI, based on the advanced ethylene technology of Lummus Technology of US, will execute the EPC and commissioning under a lump-sum turnkey contract.
Toyo will lead the entire project execution, undertaking project management, basic engineering, a part of detailed engineering, and procurement of key equipment, it said.
ENPPI will be in charge of joint project management, detailed engineering and procurement of other equipment and materials.
Both companies will execute the construction and commissioning in collaboration with PETROJET, an Egyptian construction company as a subcontractor.
The plant is scheduled for start-up in early 2015.
Reflecting growing demand for petrochemical products under economic growth in the country, the Egyptian Government in 2001 announced a 20-year petrochemicals master plan to develop the industry under the sponsorship and supervision of the Egyptian Petrochemicals Holding Co. (Echem).
This project is to be executed as a part of that plan, Toyo officials said.
Toyo, through this project, will contribute to the development of the petrochemical industry in the country and aim to acquire a downstream plant of this ethylene complex, it said.