Toyo Engg secures 240 billion yen project from Petronas for steam cracker at RAPID complex

22-Aug-14
Japan's Toyo Engineering Corporation has secured a 240 billion yen (RM7.33 bln) project from Petroliam Nasional Bhd (Petronas) for the steam cracker complex at Petronas' Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor. The contract has been awarded on a lump sum turn-key basis and is scheduled for completion by mid-2019. RAPID is part of the bigger Petronas Pengerang Integrated Complex (PIC) development worth an estimated US$27 bln, which comprises of RAPID and its associated facilities. They include the Pengerang co-generation plant, re-gasification terminal 2, air separation unit, raw water supply project, crude and product tanks (SPV2) as well as central and shared utilities and facilities.
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