JGC Corporation and JGC Arabia have been jointly awarded a pair of contracts by Saudi Aramco for the Zuluf oil and gas field development megaproject, said Hydrocarbonprocessing.
Indrajit Sen, Oil & Gas Editor at GlobalData’s MEED, offers his view: “The Zuluf production increment project is of critical importance to Saudi Aramco in its quest of attaining a maximum oil production capacity of 13 MMbpd by 2027. Aramco has allocated a capital expenditure (capex) budget of USD40 billion to USD50 billion for 2022, and spending on the Zuluf EPC contracts accounts for a major chunk of this capex plan.
“By winning the two main onshore EPC packages, JGC has emerged as the single largest contractor on the Zuluf megaproject, with the combined value of its contracts estimated to be more than USD3 billion.
“With Aramco looking to increase its investments towards oil, gas, refining and petrochemicals production capacities, the Japanese contractor, which has a considerable track record of EPC project execution in Saudi Arabia, has positioned itself as a partner of choice for more key project contracts."
As per MRC, JGC Holdings Corporation announced the launch of a joint research and development (R&D) program with Bridgestone Corporation, the National Institute of Advanced Industrial Science and Technology (AIST), Tohoku University, and ENEOS Corporation. This program is aimed at developing chemical recycling technologies that utilize used tires to achieve high-yield production of isoprene, a raw material for synthetic rubber. By combining the expertise and technologies of industry leading companies and academic institutions, JGC Holdings and its partners are working to develop recycling technologies that will contribute to the realization of a more sustainable society and to conduct demonstrations for the social implementation of these technologies by 2030.
mrchub.com