ICA Fluor to build vinyl-chloride-monomer plant in Mexico
Fluor Corp. (Irving, Tex.; www.fluor.com) says that its ICA Fluor industrial engineering-construction joint venture (JV) with Empresas ICA, S.A.B. de C.V. (BMV: ICA) signed a contract with Petroquimica Mexicana de Vinilo (PMV), a JV between Mexichem, the leading Mexican petrochemical company, and Pemex, Mexico’s state-owned oil and gas company, for the revamp of the vinyl chloride monomer (VCM) plant located within the Pajaritos petrochemical complex, near Veracruz. The total contract value is approximately $205 million. Fluor will book its $102.5 million share of the contract in the fourth quarter of 2013.
ICA Fluor will be responsible for the engineering, procurement, construction, maintenance and commissioning services of the works to bring the VCM facility to its nameplate capacity of 405,000 tons per year from its current nearly 200,000 tons per year. The project is planned to be completed in the fourth quarter of 2015.