ICA Fluor, the industrial construction joint venture of Empresas ICA, S.A.B. de C.V. and Fluor Corporation have announced the signing of a contract with Petroquimica Mexicana de Vinilo (PMV), a joint venture between Mexichem, the leading Mexican petrochemical company, and Pemex, Mexico's state-owned oil and gas company, for the revamp of the vinyl chloride monomer (VCM) plant located within the Pajaritos petrochemical complex, in Veracruz, on the Gulf of Mexico. The total contract value is approximately US$205 million.
ICA Fluor will be responsible for the engineering, procurement, construction, maintenance and commissioning services of the works to bring the VCM facility to its nameplate capacity of 405,000 tons per year from its current close to 200,000 tpa. The project is planned to be completed in the fourth quarter of 2015. This revamp project will correct problems that have prevented the plant to reach its nameplate capacity. Petroquimica Mexicana de Vinilo is a flagship joint venture between Pemex and Mexichem, and reaching the plant's production potential is a central element in its business plan.