ICI Pakistan has signed two contracts and expects to sign a third at the beginning of May for work connected with its $450 million purified terephthalic acid (PTA) plant.
Engro Paktank Terminal (EPTL), a joint venture between Paktank Asia Pacific – a subsidiary of Holland’s Royal Pakhoed – and Engro Chemical Pakistan, has signed a 15-year contract to provide services and facilities for the reception, storage and delivery of feedstock chemicals, paraxylene and acetic acid. EPTL is building Pakistan’s first dedicated liquid chemical terminal at Port Qasim. The terminal is due for completion in the third quarter of 1997 and will cost an estimated $65 million.
A contract has been awarded to the local Echo West International (EWI) for the construction of a water pipeline to the PTA plant. The pipeline will be 51 kilometres long and completion is set for June 1997. The contract is worth nearly Rs 1,000 million ($28.9 million), EWI says.
ICI has also said that it expects to finalise a deal with BOC Pakistan at the beginning of May. The contract is for the supply of nitrogen and hydrogen and will run for 15 years. BOC is to build two plants for the production of the gases near Port Qasim. The plants will cost an estimated Rs 1,300 million ($37.5 million), BOC says. The company would start supplying the gas to ICI by August 1997.
ICI’s plant will have a capacity of 400,000 tonnes a year with production planned to start by November 1997 (MEED 26 4 96)