Oct 4 Technip SA, Odebrecht SA and ICA Fluor affiliate have won a $2.7 billion contract for the engineering, procurement and construction of a petrochemical complex to be built in the Mexican state of Veracruz, Technip said on Thursday.
The project is scheduled for completion in June 2015, said Technip, which will have a 40 percent share of the contract awarded by Braskem Idesa. Odebrecht will also have 40 percent, with ICA Fluor 20 percent.
The complex will include an ethane-based ethylene cracker, producing 1 million tonnes a year, and three polyethylene plants, as well as storage, waste treatment and utility facilities, including a 150-megawatt power plant.
"The Ethylene XXI cracker will be the most modern and efficient in operation in the Americas," Technip said in a statement.
Created in 2010, Braskem Idesa is a joint venture between Brazilian and Mexican petrochemical groups Braskem SA and Grupo Idesa. ICA Fluor is a joint venture of Fluor Corp and Empresas ICA SAB de CV of Mexico.