Monday, 23 November 2015

Petronas Chemicals awards RM2bil contract for RAPID

Petronas Chemicals Group Bhd has awarded a RM2bil engineering, procurement, construction and commissioning (EPCC) contract within the RAPID petrochemical project to a consortium.

In its filing with Bursa Malaysia on Monday, the group said its unit PRPC Polymers Sdn Bhd awarded the US$482mil (RM2bil) EPCC contract for a 900,000 tonnes per annum polypropylene plant within the RAPID project to a consortium based on competitive bidding.

The consortium consists of four companies from Italy, China and Malaysia. They are TECNIMONT S.p.A, Huanqiu Contracting & Eng. Corp, TECNIMONTHQC Sdn Bhd, and TecnimontHQC S.c.a.r.l.

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