ICA Fluor to revamp Mexichem, Pemex VCM plant
Fluor's ICA Fluor industrial engineering-construction joint venture with Empresas ICA signed a contract to revamp the vinyl chloride monomer (VCM) plant located within the Pajaritos petrochemical complex in Mexico, located near Veracruz
The VCM plant is run by Petroquimica Mexicana de Vinilo (PMV), a joint venture between Mexichem, the leading Mexican petrochemical company, and Pemex, Mexico’s state-owned oil and gas company.
The total contract value is approximately $205 million. Fluor said it will book its $102.5 million share of the contract in the fourth quarter of 2013.
ICA Fluor will be responsible for the engineering, procurement, construction, maintenance and commissioning services to bring the VCM facility to its nameplate capacity of 405,000 tpy, up from its current rate of 200,000 tpy.
The project is planned to be completed in the fourth quarter of 2015.
This revamp project will correct problems that have prevented the plant from reaching its nameplate capacity.
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