Jurong Aromatics Awards Contract to Essar
Essar Projects, a part of Essar Group, has secured a $320m engineering, procurement and construction contract from Singapore's Jurong Aromatics.
The contract includes construction of pipeline systems, storage tanks, jetties with loading and unloading arms as well as utilities for its aromatics complex.
The agreement forms part of a $2.4bn grassroot aromatics complex in Jurong Island, Singapore.
The plant will produce 1.5 million tons of aromatics, 800,000t of paraxylene, 200,000t of orthoxylene, 450,000t of benzene and 2.5 million tons of transport fuels each year.
Construction began in June 2011, and the project is expected to be completed in 2014.
The Government of Singapore has a 5% stake in the project.