Braskem Idesa to build Mexican petrochemical complex
Braskem Idesa has awarded a $2.7bn surplus engineering, procurement and construction (EPC) contract to an Odebrecht, Technip and ICA Fluor joint venture (JV) to build a petrochemical complex in the Coatzacoalcos / Nanchital region in Veracruz, Mexico.
The new complex will include an ethane-based ethylene cracker, two high density polyethylene plants, storage, waste treatment and utility facilities.
The complex will also include a 150MW combined cycle power and steam co-generation plant, a multimodal logistics platform and a low density polyethylene plant, plus other ancillary buildings.
The JV project team will execute the contract from their operating centres located in Nanchital, Mexico City, Rome, Lyon and Rotterdam.
Technip chairman and chief executing officer Thierry Pilenko said: "Technip is delighted to have been awarded this large contract with long-term and tier-one partners such as Odebrecht and ICA Fluor.
''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,'' Pilenko added.
''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 project."
The plant is expected to go on stream in June 2015.