Toyo Engineering Corporation has won a contract to build a 650,000 tonne per year ethylene and polyethylene plant in Ust-Kut, Irkutsk region, Russian Federation by Irkutsk Polymer Plant, a subsidiary of Irkutsk Oil Company (Ink).
Ink has been interested in reduction of the environmental burden by shifting to rational utilization of theassociated petroleum gas for production of the value added petrochemical products instead of flaring it off.
Toyo’s Korean subsidiary, Toyo Engineering Korea (Toyo-Korea) has been awarded an engineering, procurement and construction project from Bangkok Synthetics Company (BST) following the Front-End Engineering Design (Feed) contract awarded in 2017.. This project involves construction of 1,3-Butadiene & Butene-1 production units with a total capacity of 80 KTA & 34 KTA, respectively, at BST’s existing petrochemical complex in Map Ta Phut, Rayong, Thailand. The plant is scheduled for completion in 2021.