Daelim will build a 550,000-tonne-a-year (t/y) linear low-density polyethylene unit, a high-density polyethylene unit of the same size, a 400,000-t/y polypropylene plant and a polystyrene facility.
Tecnimont, an Italian company, was the only other bidder.
Daelim will finish the complex in April 2011.
Parsons E&C, part of Australia’s WorleyParsons, is the front-end engineering and design, and project management consultant.
Japan’s JGC Corporation is in line to win the estimated $1bn cracker contract at the plant, which covers the construction of a 1.2 million t/y mixed feedstock cracker (MEED 16:11:07).
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