Hyundai Engineering announced on Aug. 26 that it has signed a 300-billion-won EPC contract with Integrated Refineries & Petrochemicals Complex (IRPC) to upgrade the client’s production facilities in Rayong, Thailand.
IRPC runs an oil and petrochemical complex in Rayong, about 170 kilometers southeast of Bangkok. Kim Chang-hak, president of Hyundai Engineering, and Chawalit Tippawanich, president of IRPC, attended a signing ceremony, which took place online in Bangkok and Seoul.
Hyundai Engineering will participate in IRPC’s Diesel Euro 5 Project, which is aimed at lowering the sulfur content of the diesel produced by the Rayong refinery to the Euro 5 level and upgrading various relevant production facilities, in compliance to the Thai government’s policy to…