Toyo has been awarded a contract to construct a 650,000 tonne per year ethylene and polyethylene plant in Russia as well as an EPC project in Thailand.
Japan and Korea – In Russia, Toyo Engineering Corporation has won a contract to build a 650,000 tonne per year ethylene and polyethylene plant in Ust-Kut, Irkutsk region, Russian Federation by Irkutsk Polymer Plant, a subsidiary of Irkutsk Oil Company (Ink).
Ink has been interested in reduction of the environmental burden by shifting to rational utilisation of the associated petroleum gas instead of flaring it off that enables off-gas to be utilised for production of the value added petrochemical products.
In this aspect, Toyo has co-operated with Ink since 2011 providing advisory, planning and support work for modernising Ink’s industrial facilities under the General Engineering Service Agreement, which resulted in realisation of the project.
Also, Toyo’s Korean subsidiary, Toyo Engineering Korea (Toyo-Korea) has been awarded an engineering, procurement and construction project from Bangkok Synthetics Company (BST). This project involves construction of 1,3-Butadiene & Butene-1 production units with a total capacity of 80 KTA & 34 KTA, respectively, at BST’s existing petrochemical complex in Map Ta Phut, Rayong, Thailand. The plant is scheduled for completion in 2021.
This is an EPC project following the Front-End Engineering Design (Feed) contract awarded to Toyo-Korea at the end of 2017.