Downstream contract news

The total project cost is estimated at US$60 million. The amount of planned debt financing is expected to be worth between US$35 – US$40 Million.

The partners intend to build an additional steam cracker and to further expand their existing 50:50 joint venture, BASF-YPC Company, Limited.

The companies will make a joint bid for EPC contracts on NextDecade’s Rio Grande LNG project.

According to a Reuters report, proposals have been narrowed down to those from PNOC, Tokyo Gas and CNOOC.

Goldboro LNG project receives confirmation eligibility for up to US$1.5 billion.

IORM company to be aligned with Wolters Kluwer’s Enablon business unit.

Saulsbury will handle engineering, procurement and construction of the facility for an unspecified midstream company.

Magnolia and Bear Head terminals among assets covered in company’s quarterly highlights.

MHI will undertake EPC responsibilities for the plant to be built in Polash, 50 km northeast of Dhaka.

TAIF will acquire a licence to build Russia’s first plant producing biodegradable PHAs bioplastic.