en.Wedoany.com Reported - Aster Chemicals & Energy (Aster) has made a final investment decision to invest $80 million in advancing its ethylene cracker complex project in Singapore to expand ethylene (C2) export capacity. Engineering and construction contracts have been awarded to multiple partners, with Toyo Engineering Corporation and UTOC Engineering Pte Ltd being two key partners.
The contract scope includes detailed engineering, procurement, and construction, involving the installation of a parallel ethylene refrigeration system and the expansion of ethylene export logistics facilities on Bukom Island. The infrastructure is scheduled for completion in 2027 and will double the ethylene export capacity of Bukom Island. The project will deepen the integration between Bukom Island and the Chandra Asri cracker located in Cilegon, thereby strengthening the end-to-end C2 derivative value chain across both sites and further consolidating Singapore's role as a strategic node in the region's petrochemical supply network.
Toyo Engineering Corporation possesses extensive experience in the engineering and construction of hydrocarbon processing facilities across Asia, with a proven track record in refinery and petrochemical projects. UTOC Engineering is incorporated in Singapore and has specialized capabilities in industrial plant construction. These two partners were selected for their technical capabilities, operational discipline, and contributions to Singapore through local skilled positions and specialized project activities.
Mashhad Dohadwala, Aster's Project and Technology Director, stated that the award of these contracts moves the company into the delivery phase of realizing its vision to expand ethylene export capacity, enhance supply reliability, and deepen integration across the entire value chain. As ethylene demand grows in Asia, Singapore's capability as a reliable, high-capacity export source is crucial, holding significant importance for customers and strategic value for Singapore's position in the global energy and chemicals network. Toyo and UTOC are the right partners to help achieve this goal.
Eiji Sakata, Senior Executive Officer and Director of the Business Development & Marketing Division at Toyo, said it is an honor to be awarded the ethylene refrigeration unit modification project, which plays a key role in Aster's plan to expand ethylene export capacity. Drawing on extensive experience with existing plants, the company is committed to delivering reliable, high-quality execution to support the project's successful realization, aiming to contribute to enhancing ethylene export capability and further strengthening the partnership with Aster.
Kelvin Yeo, Senior Director of UTOC, expressed great honor in receiving this contract and the opportunity to build a deeper collaboration between Aster and UTOC. The company is fully committed to exceeding expectations in safety, quality, and project execution. While challenges are anticipated in an evolving environment, with the right partnership, the company is well-equipped to navigate them and looks forward to achieving success together.
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