testSaudi

Taipei – February 2016, CTCI has been awarded a contract to build a new ethylene cracking furnace at Saudi Kayan petrochemical complex in Al-Jubail, Kingdom of Saudi Arabia.
　
The award by Saudi Basic Industries Corporation (SABIC) follows CTCI’s success in acquiring SABIC’s FEED Project for an Ethylene Oxide/Ethylene Glycol (EO/EG) Debottlenecking Project earlier this year. “The decision to commission CTCI once again recognizes our track record in delivering reliable EPC services, and the ability to strategically augment SABIC’s production capacity,” said M.H. Wang, EVP & President of Hydrocarbon Business Operations. Financial details of the deal were not disclosed
　
The project comprises the installation of a new additional furnace, decoking drum, GAS dryer, and furnace technology acquisition. The project will be executed by CTCI’s headquarters in Taipei, Taiwan on a lump sum turnkey basis. This contract covers front-end engineering design, detailed engineering design, procurement, construction, pre-commissioning, commissioning assistance, and training of the owner’s personnel, as well as the start-up of the furnace, which is scheduled for the fourth quarter of 2017.

Taipei, TAIWAN – CTCI Corporation has been awarded a major Front-End Engineering Design (FEED) contract from SABIC for an Ethylene Oxide/Ethylene Glycol (EO/EG) Debottlenecking Project of Saudi Kayan in Jubail.
　
The project marks a milestone for CTCI, which is expanding the scope of its services with SABIC into the FEED field, and paves the way for acquiring similar opportunities in the future.
　
CTCI was selected as one of SABIC’s engineering service providers under a blanket FEED arrangement agreed in October 2015, which established a five-year framework to supply FEED and relevant services to support SABIC projects in the KSA and worldwide. The Saudi Kayan EO/EG Debottlenecking FEED work is the first project under blanket FEED agreement.
　
“This important award strengthens CTCI’s position as an industry leader in providing EPC lump sum services, while expanding its capability to FEED work for petrochemical facilities,” said M.H. Wang, EVP & President of Hydrocarbon Business Operations. “The expansion of its range of services reflects CTCI’s ongoing commitment to deliver the best service for its customers and industry partners, as we pursue our vision of becoming the most reliable global engineering service provider.”