CTCI has secured Gulf Coast Growth Ventures (GCGV) monoethylene glycol (MEG) EPC project in the United States by forming a joint venture, CTCI McDermott Integrated (CMI), with McDermott. The world-scale downstream module project sets a new record in contract value CTCI secures in the US hydrocarbon market, and is CTCI’s first project to fully utilise its modularisation technology in the US EPC market.
The project owner is a joint venture between ExxonMobil and SABIC. The MEG project is located in San Patricio County, Texas, which enjoys ready access to rail and deep water port facilities. With the existing infrastructure and proximity to raw materials, this has created a positive business climate to make good use of the shale gas development in the US and booming local petrochemical industry. GCGV acquired environmental permits in June 2019. The completion of the project, anticipated by 2022, is expected to bring production of 1.1MTA MEG annually to satisfy the growing demands for MEG.
CTCI has accumulated experience in the hydrocarbon business since 1979 and has executed high-end EPC projects in the petrochemical processing, chemical, and LNG markets around the world.
“With this project, CTCI extends its service upward to front-end engineering design,” said John T Yu, group chairman of CTCI.
“CTCI leverages its equipment modularisation experience to that of the whole plant, a milestone for our modularisation technology. We are committed to providing comprehensive engineering services to our client, staying true to our brand spirit of being ‘The Most Reliable’.”
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