▲ Global competitiveness recognized due to its initial participation from the construction planning and development of petrochemical complex
▲ Strengthen competitiveness through collaboration with a global player Toyo Engineering.
▲ Opportunity to build a partnership with the client company, Chandra Asri
▲ Favorably positioned to secure future EPC orders
Hyundai E&C will participate in FEED (Front-End Engineering Design) of the second petrochemical complex (CAP 2 – PKGA) implemented by Chandra Asri, a private petrochemical company in Indonesia. The client Chandra Asri is Indonesia's largest petrochemical company and produces polyethylene, polypropylene, and ethylene. FEED is a stage of reviewing the feasibility of basic design for an EPC order, and upon the completion of the basic design, the EPC (design, procurement, and construction) firm will be selected. This is the key step in establishing a detailed construction plan for CAP2-PKG A construction in the future. Hyundai E&C plans to participate in the basic design in cooperation with a global engineering firm Toyo Engineering and jointly cooperate with the latter to win the order in the subsequent stage of selecting an EPC firm. It is meaningful that Hyundai E&C has been recognized for its global competitiveness in the global construction market by participating in the first stage of planning and development of a world-class petrochemical complex.
The petrochemical complex (CAP2) is located in the Cilegon region, about 116 kilometers west of Jakarta, capital of Indonesia and will produce naphtha crackers, butadiene, polyethylene, polypropylene, and benzene.
A Hyundai E&C official said, "Despite the global economic recession caused by COVID-19, we successfully won the basic design order recognized for our plant construction business by Chandra Asri and Toyo Engineering,” adding that, “Hyundai E&C will build on the feat t continue to do our best to secure subsequent EPC order in the future.”
Meanwhile, Hyundai E&C completed a total of 25 constructions (total $3.1 billion), including Sarulla Geothermal Power Plant, Soekarno-Hatta Airport 3, and The Elements Apartment, after taking its first step in Indonesia in 1973, while maintaining and expanding its competitiveness in the Indonesian market via two on-going projects including the Peusangan hydropower plant construction project.