IHS Chemical Week

Chemical Week Magazine :: New Construction Projects

Toyo Engineering outlines petchem contract in Turkmenistan

1:37 PM MDT | May 26, 2014

Toyo Engineering has provided more details of a contract it has been awarded for a previously announced petrochemical project for state-owned Turkmengas (Ashgabat) in Turkmenistan. Toyo’s contract is valued at approximately $800 million. The total investment in the project, at Turkmenbashi, is more than $3 billion. Toyo is working in an alliance with Hyundai Engineering Co., Hyundai Engineering and Construction, and LG International. The complex will produce ethylene, high-density polyethylene (HDPE), and polypropylene (PP) from natural gas produced on the...

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