Punj Lloyd to build integrated refinery, petrochemicals tank farm in Malaysia
08 September 2014
EPC contracting group Punj Lloyd today said it would build an integrated refinery and petrochemical tank farm from PRPC Refinery and Cracker Sdn. Bhd; a subsidiary under the Petroliam Nasional Berhad (Petronas) group, Malaysia's national energy company
The tank farm is part of Petronas's refinery and petrochemical integrated development (RAPID) project in Pengerang, Johor, Malaysia, with an estimated contract value of $581 million (Rs 3,515 crore).
Developed in a 6,242-acre site, RAPID is part of the colossal PETRONAS Pengerang Integrated Complex (PIC) development, along with RAPID's associated facilities including the pengerang co-generation plant (PCP), re-gasification terminal 2, air separation unit, raw water supply project, crude and product tanks (SPV2) and central and shared utilities and facilities.
Punj Lloyd's scope of work in the RAPID tank farm project includes project management, design, engineering, interface with other contractors and third parties, procurement, construction, inspection and testing, re-commissioning and commissioning. The RAPID tank farm will be a critical project requiring expertise in the construction of different types of tanks including storage tanks, LPG tanks, mounded bullets, Light Cracked Naphtha storage, transfer pumps and additive packages.
''Our expertise in tankage is recognised globally with our greatest advantage being our in-house engineering skills and extensive project experience of large scale tank projects,'' said J P Chalasani, managing director and group CEO, Punj Lloyd.
PIC forms part of the Johor State's Pengerang Integrated Petroleum Complex (PIPC), which is under Malaysia's Economic Transformation Programme (ETP) to establish new engines of growth for Malaysia; whilst meeting future energy requirement and strengthening PETRONAS' position as a key player in the Asian chemicals market, focusing on differentiated and specialty chemicals. PIC will involve an estimated investment of US$27 billion and is poised for its refinery start-up by early 2019.
With this, Punj Lloyd said, the Group's order backlog reached Rs24,679 crore for unexecuted orders till 30 June 2014, apart from new orders received after that.