Toyo Engineering Corporation has been jointly awarded with ENPPI, an engineering company under the Egyptian Ministry of Petroleum, a contract to build a 460,000 tpa ethylene plant and a 20,000 tpa butadiene extraction plant as part of Ethydco's petrochemical complex to be established in Alexandria, the Arab Republic of Egypt, and owned by ETHYDCO, The Egyptian Ethylene and Derivatives Company newly established company under the investment law # 8/1997 of Egypt. This will be TOYO's second ethylene plant in Egypt after 300,000 tpa ethylene plant completed in 2001 for Sidi Kerir Petrochemicals Co. TOYO and ENPPI, based on the most advanced ethylene technology of Lummus Technology of U.S., 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. 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 contract amount is approximately USD 600 million and the plant is scheduled for start-up in early 2015.