Baskem Idesa awards over US$2.7 bln contract for EPC of petrochem complex in Mexico’s Veracruz

05-Oct-12

Baskem Idesa S.A.P.I. awarded to a joint venture formed by Odebrecht (40%), Technip (40%) and ICA Fluor (20%) a contract worth more than US$2.7 bln for the engineering, procurement and construction (EPC) of a petrochemical complex to be built in the Coatzacoalcos/Nanchital region, in the Mexican state of Veracruz. The petrochemical complex will include the following, as per heraldonline.com An ethane-based ethylene cracker, producing 1 million tons per year, using Technip proprietary technology. Two high density polyethylene plants using INEOS Innovene™ technology A low density polyethylene plant using BASEL Lupotech technology. Storage, waste treatment and utility facilities, including a 150 MW combined cycle power and steam co-generation plant. A multimodal logistics platform for shipment of 1 million tons per year of polyethylene via bulk train, bulk truck or bagged. Administrative, maintenance, control room and ancillary buildings. The JV project team will execute the contract in several operating centers mainly located in Nanchital and Mexico City (Mexico), Rome (Italy), Lyon (France) and Rotterdam (The Netherlands). The project is scheduled for completion, with the plant ready for start up, in June 2015. 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.