Toyo Engineering Corporation has been awarded offshore engineering and procurement services of olefin expansion project by Map Ta Phut Olefins Co., Ltd (MOC), a joint venture company of SCG Chemicals Co., Ltd (SCG Chemicals) and Dow Chemical Company (Dow).
This project intends to increase the annual olefin production capacity of existing plant by 350,000 tons from current capacity of 1,700,000 tonnes (900,000 tonnes of ethylene and 800,000 tonnes of propylene). The plant is to be constructed adjacent to MOC’s existing olefin plant in Map Ta Phut, Rayong, Thailand and scheduled for completion in 2021.
This is an EP contract following the Front End Engineering Design (FEED) contract awarded to Toyo in the middle of last year.
Toyo says it focuses on the expansion of the business opportunity of ethylene projects as its core business. It is its 46th ethylene plant projects worldwide following on the ongoing ethylene projects in USAMalaysia and Turkmenistan. This is also the 4th ethylene project in Thailand following on the past ethylene projects for National Petrochemical Company (Current PTT Global Chemical Public Company Limited), Rayong Olefin Co. Ltd (a subsidiary of SCG Chemicals) and PTT Polyethylene Co., Ltd. TOYO will continue to contribute to the development of the petrochemical industry in rapidly growing Southeast Asia, including Thailand.