MOSCOW (MRC) -- Toyo Engineering Corporation has been awarded a contract to build a 650,000 t/y ethylene and polyethylene (PE) plant located in Ust-Kut, Irkutsk region, Russian Federation by Irkutsk Polymer Plant, a subsidiary of Irkutsk Oil Company (INK), as per Hydrocarbonprocessing.
INK has been interested in reduction of the environmental burden by shifting to rational utilization of the associated petroleum gas instead of flaring it off, that enables off-gas to be utilized for production of the value-added petrochemical products. In this aspect, TOYO has cooperated with INK since 2011 providing advisory, planning and support work for modernizing INK’s industrial facilities under the General Engineering Service Agreement (GESA), which resulted in realization of the project.
In September 2018 an Agreement for Cooperation regarding construction of the gas chemical complex was signed, in the honorary presence of the Prime Minister Shinzo Abe and the President of Russia Vladimir Putin, during the 4th Eastern Economic Forum held in Vladivostok.
As MRC wrote before, in January 2019, TOYO was awarded a contract of Acrylic Acid Production plant with capacity of 100,000 tons/year in Cilegon, Banten, on the western tip of Java, Indonesia from PT. Nippon Shokubai Indonesia (NSI), Indonesian subsidiary of Nippon Shokubai Co., Ltd. (NSCL).
TOYO has completed more than 40 projects in the former Soviet Union and Russian Federation since 1960’s. TOYO also focuses on the expansion of the business opportunities for ethylene and polyethylene projects as its core business, and this award marks TOYO’s outstanding track record as the 47th ethylene plant project worldwide as well as the 26th polyethylene plant. TOYO’s long experience in Russia, established performance and reliability in worldwide ethylene projects led to this award. TOYO will continue contributing to the development of the petrochemical industry in Russia as well as to further development of Japan-Russia relation and cooperation.
MRC