Fluor Daniel to manage Nanjing petrochemical project
BASF-YPC Co. Ltd., a joint venture between BASF AG and China Petroleum & Chemical Corp. (Sinopec), has selected Fluor Corp. unit Fluor Daniel to manage a $2.6 billion petrochemical project in Nanjing, China.
By the OGJ Online Staff
HOUSTON, Feb. 20�BASF-YPC Co. Ltd., a joint venture of BASF AG and China Petroleum & Chemical Corp. (Sinopec), has selected Fluor Corp. unit Fluor Daniel to manage a $2.6 billion petrochemical project in Nanjing, China.
Fluor Daniel will manage the design, procurement, and construction of the integrated petrochemical site for an unnamed sum. Fluor indicated the usual cost for services like is 4-6% of the project value.
Fluor will provide a variety of management services, including engineering, procurement, construction, and contracting over the life of the project.
The project will include a 600,000 tonne/year steam cracker and eight downstream plants producting aromatics, low-density polyethylene, ethylene glycol, acrylic acid, acrylic esters, oxo-alcohols, formic acid, propionic acid, and methylamines.
The engineering and construction contractor said the project will be the largest it has ever managed or built in mainland China.
Early site preparation work has begun, said Fluor Daniel, and engineering is expected to begin this quarter. Construction should begin in 2002, and the site should be fully functional by 2005.