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Issue 3 2021 - Wood receives $120 million in ethylene expansion contracts

 Last Update: 2022-11-12
 Source: Internet
 Author: User

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Wood received $120 million

Ethylene expansion contract

Wood has signed more than $120 million worth of contracts with an Asian refiner to provide engineering, procurement and construction (EPC) services to expand its refinery development
in the region.
Once completed, the ethylene retrofit and expansion project will produce up to 1 million tons of ethylene derivatives and refined products per year, and is expected to drive economic growth in the region's downstream industries by more than $14.
1 billion.

Under the new contract, Wood's on-site engineering and project management teams will provide EPC services for racks and associated piping throughout the site, as well as services for power, telecommunications and lighting cables
.

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