MOSCOW (MRC) -- Toyo Engineering Corporation (TOYO) has been awarded a contract for a project to construct a polypropylene (PP) plant in Ichihara-shi, Chiba, Japan from Prime Polymer, as per the company's press release.
TOYO will carry out the EPC contract on a full turn-key basis that includes engineering, procurement, and construction.
The new plant's production capacity will be 200,000/mt year. The completion of construction worls is scheduled for 2024.
Responding to the social needs aspire all business entities to contribute on sustainability, the client awarded the contract to TOYO because of evaluation as an active partner from early stage for several years along with the company's rich experiences of petrochemical projects, execution ability of large-scale EPC projects and our proposal from the viewpoint of safety, cost, quality, delivery and environment.
As MRC wrote previously, TEC Project Services Corp., a subsidiary of Toyo Engineering, said in April, 2019, it was awarded a propylene splitter project from Maruzen Petrochemical to produce a "high-grade product" at Maruzen's plant in Ichihara-shi, Chiba, Japan. TEC will be responsible for detailed engineering, procurement of equipment and materials, and construction. Completion is scheduled in 2021.
According to MRC's ScanPlast report, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.