Fluor Corporation’s ICA Fluor industrial engineering-construction joint venture with Empresas ICA signed a contract with Petroquimica Mexicana de Vinilo (PMV), a joint venture between Mexichem, the Mexican petrochemical company, and Pemex, Mexico’s state-owned oil and gas company, for the revamp of the vinyl chloride monomer (VCM) plant located within the Pajaritos petrochemical complex, near Veracruz. The total contract value is approximately USD 205M, in which Fluor has a USD 102.5M share.
ICA Fluor will be responsible for the engineering, procurement, construction, maintenance and commissioning services of the works to bring the VCM facility to its nameplate capacity of 405,000 tons per year from its current nearly 200,000 tons per year. The project is scheduled to be completed in the fourth quarter of 2015.
This revamp project will correct problems that have prevented the plant from reaching its nameplate capacity – a central element in the plant’s business plan.