Technip SA said it was awarded a reimbursable contract by Polimerica to perform the front end engineering design or FEED for a new ethylene plant. The company added that the plant, which will have a capacity of 1.3 million ton/year, will be a part of a new petrochemical complex to be built in Jose, Venezuela.
The company estimated an overall investment for the complex to be about US$3.2 billion.
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