Engineering, procurement and construction (EPC) contract to Upgrade of an existing methanol plant.
Saudi Arabia’s National Methanol Company (Ibn Sina), which is half-owned by the Client, with the other 50 per cent shares trading on the Saudi Stock Exchange (Tadawul) has awarded the contract to China’s Wison Engineering. The company had undertaken a feed-to-EPC competition for the project, a contracting model whereby pre-qualified firms are required to participate in a contest to execute the front-end engineering and design (feed) works on the project. The entity submitting the best feed proposal is chosen by the client to perform the engineering, procurement and construction (EPC) works.
Construction works are currently in progress on this scheme.
Construction works are currently in progress on this scheme.
September
25
2022
Sunday
LAST UPDATED
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