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Oil & Gas / Petrochemical

Braskem Idesa awards $2.7 billion contract for Mexican petrochemical complex

October 08, 2012
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COATZACOALCOS, Mexico — Brakem Idesa, a joint venture between Brazilian petrochemical firm Braskem and Mexican group Idesa, has awarded a $2.7 billion contract to Odebrecht, Technip and ICA Fluor for the engineering, procurement and construction of a petrochemical complex to be built in the Mexican state of Veracruz.

This award follows the successful execution of the front-end engineering design of the ethylene, HDPE and utilities contracts awarded to Technip in the first quarter of 2011 and the front end engineering of the offsites facilities executed by Odebrecht and ICA Fluor during 2011.

RELATED: Financing approved for largest petrochemical complex in Americas

The petrochemical complex will include an ethane-based ethylene cracker, producing 1 million tons per year, using Technip proprietary technology; two high density polyethylene plants using INEOS Innovene technology; a low density polyethylene plant using BASEL Lupotech technology; storage, waste treatment and utility facilities, including a 150 MW combined cycle power and steam co-generation plant; a multimodal logistics platform for shipment of 1 million tons per year of polyethylene via bulk train, bulk truck or bagged; and administrative, maintenance, control room and ancillary buildings.

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