Toyo-Korea bags petrochem project in Thailand

Toyo-Korea petrochem project

An Engineering, Procurement and Construction Project is awarded by Thailand’s major C4 downstream product manufacturer, Bangkok Synthetics Company Ltd (BST) to Toyo Engineering Korea Limited (Toyo-Korea), a Korean subsidiary of Toyo Engineering Corporation.

Read: A bright future for petrochemical projects in Asia

Under the EPC Contract that was signed on October 31, 2018, Toyo-Korea is in charge of detailed engineering and offshore supply services.  On the other hand, Toyo-Korea’s fully owned Thai subsidiary, Toyo Korea Thailand E&C Company Limited (TKT E&C) is responsible for construction work and domestic procurement.

The construction of a 1,3-Butadiene & Butene-1 production units with total capacity of 80 KTA & 34 KTA, respectively, is located at the existing petrochemical complex in Map Ta Phut Rayong, Thailand, BST’s petrochemical complex, is expected to be completed in 2021.

Prior to this EPC project, Toyo-Korea was also awarded with the Front End Engineering Design (FEED) project.