Tokyo-Toyo Engineering Corporation, MAN Ferrostaal A.G. (MFS), and a consortium formed by two Venezuelan engineering contractors – VEC Ingeniería y Construcción (VEC) – have jointly been awarded a contract from Petroquímica de Venezuela, S.A. (PEQUIVEN) for a large-scale fertilizer project in Venezuela. Scope of work under the contract includes grant of license, engineering, procurement of equipment and materials, construction, and commissioning assistance on a lump sum turnkey basis. The project is scheduled to be completed in the second quarter of 2010. The natural gas-supplied facility will serve the domestic market. This complex is composed of an ammonia unit (1,800 mt/d), urea unit (2,200 mt/d), and utility and offsite facilities. TOYO will take charge of the design and construction of the urea unit based on its own technology to be licensed for the project. An ammonia production technology will be licensed by Kellogg Brown & Root. The project site is adjacent to the existing Moron Petrochemical Complex of PEQUIVEN in Moron, Carabobo State, Central Region of Venezuela, which is approximately 150 km west of Caracas. Toyo said this is its third project with MFS, following an ongoing fertilizer project in Trinidad & Tobago and methanol in Oman.
Transparency Across the Fertilizer Value-Chain