WOOD has secured a contract with Sinopec Hainan Refining and Chemical to provide engineering, procurement, and construction (EPC) services to expand its refinery in Hainan, South China. The contract is worth more than US$120m.
The project will involve ethylene renovation and expansion to enable production of up to 1m t/y of ethylene derivatives and refined oil. Under the contract, Wood’s Shanghai-based engineering and project management teams will provide EPC services for site-wide pipe rack and associated pipework, power cables, telecommunications, and lighting.
Sinopec’s refinery is located in the Hainan free trade zone, and ethylene output from the area is expected to serve demand across China, as well as globally. The project is expected to help boost economic growth of China’s downstream sector by more than ¥100bn (US$15.46bn).
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