News Post
Wood PLC wins $120 Million contract with Sinopec for South China ethylene expansion.
Wood Plc announced in a press release from January 2021 stating that it has secured a contract valued at over $120 million with Sinopec Hainan Refining and Chemical Limited Company (Sinopec) to provide engineering, procurement and construction (EPC) services to expand ethylene production at its refinery complex in South China’s Hainan Free Trade Zone.
Once completed, this ethylene renovation and expansion project will annually produce up to one million ton of ethylene derivatives and refined oil. Output from the Hainan FTZ will serve ethylene demand across China and globally.
Under this new contract, EPC services for the sitewide pipe rack and associated pipework, cables for power, telecommunications and lighting will be delivered by Wood’s engineering and project management teams that are based both in Shanghai and on site at the Hainan Free Trade Zone.
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