Technip SA, Odebrecht SA and ICA Fluor affiliate have won a $2.7 billion contract for the engineering, procurement and construction of a petrochemical complex to be built in the Mexican state of Veracruz, Technip said in a press statement.
The project is scheduled for completion in June 2015, said Technip, which will have a 40 percent share of the contract awarded by Braskem Idesa. Odebrecht will also have 40 percent, with ICA Fluor 20 percent.
The complex will include an ethane-based ethylene cracker, producing 1 million tonnes a year, and three polyethylene plants, as well as storage, waste treatment and utility facilities, including a 150-megawatt power plant.
“The Ethylene XXI cracker will be the most modern and efficient in operation in the Americas,” Technip said in a statement.
This award follows the successful execution of the front-end engineering design of the ethylene, HDPE and utilities contracts awarded to Technip in the first quarter of 2011 and the front end engineering of the offsites facilities executed by Odebrecht and ICA Fluor during 2011.
Thierry Pilenko, Technip’s Chairman and Chief Executing Officer said, “Technip is delighted to have been awarded this large contract with long-term and tier-one partners such as Odebrecht and ICA Fluor. The Ethylene XXI cracker will be the most modern and efficient in operation in the Americas and will use Technip’s state-of-the-art technology. We are leveraging our relationship with Odebrecht in Brazil and our technology portfolio, which has been recently expanded with the acquisition of Stone & Webster process technologies and associated oil and gas engineering capabilities, to accompany Braskem in its international development. We are really proud to have earned the trust of Braskem Idesa as Technip’s know-how and expertise will bring important benefits to this major projet.”
Created in 2010, Braskem Idesa is a joint venture between Brazilian and Mexican petrochemical groups Braskem SA and Grupo Idesa. ICA Fluor is a joint venture of Fluor Corp and Empresas ICA SAB de CV of Mexico.
