“eTEC E&C signed a contract for IDC’s Downstream and Debottlenecking Project”
eTEC E&C (ChangSuk Oh, eTEC E&C President and Chief Executive Officer) signed a 78.7 billion won (69,500,000 USD) worth of contract for ‘IDC Downstream and Debottlenecking Project’ owned by IDC(International Diol Company), a subsidiary company of SIPCHEM.
Under the Contract, eTEC E&C will undertake full EPC works within IDC’s existing facilities to debottleneck their existing production capacities for BDO (Butanediol), THF(Tetrahydrofuran) and to build a new GBL(Gamma-Butyrolactone) downstream production facility. The IDC site is located in Jubail Industries, Saudi Arabia and completion of the project is scheduled for the end of August in 2014.
As a renowned EPC contractor possessing outstanding know-how and technical expertise, proven with its previous project (“EA Project”) with SIPCHEM to the point of meeting SIPCHEM’s expectation, it became a successful winner of this project. eTEC E&C had been working with SIPCHEM from FEED phase in pursuit for the final award.
“As we are entrusted with this project for our professional knowledge and technical capabilities, we will do our best to lead the project to the success without compromising quality and cost while maintaining a good partnership with SIPCHEM.” ChangSuk Oh, eTEC E&C’s President and Chief Executive Officer said.
eTEC E&C is accelerating the expansion of its business activity in the Middle East market based on its consecutive winning of contracts in the region; EA project with SIPCHEM in 2010, SABIC’s HADEED Straightening Shop Project in 2012, and the IDC Downstream and Debottlenecking Project this year. |
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