ABERDEEN engineering firm, Wood, has secured a contract valued at over $120 million to expand a refinery in China.
Wood will provide engineering, procurement and construction (EPC) services to the development in the Hainan Free Trade Zone (FTZ) in the south of the country.
Once completed, the firm said that the project will help produce up to one million tonnes of ethylene renovation and refined oil on an annual basis – with it expected to boost economic growth in China’s downstream sector by more than 100 billion yuan.
Under the contract, Wood will provide services for the site-wide pipe rack and associated pipework, cables for power, telecommunications and lighting.
Mike Collins, Wood’s executive president of projects, commented, “We are delighted to win this new contract with Sinopec which demonstrates the strength of our long-standing relationship with the client and their confidence in our extensive EPC expertise in the petrochemical sector. We look forward to continuing our partnership to deliver this project safely, sustainably and on-time, making a positive contribution to this significant development.
“Wood is uniquely placed to leverage our engineering design expertise and global petrochemical track record to play a significant role in the growth of Sinopec’s business and the economic development of Hainan, boosting the local supply chain.”