New orders net ABB $123 million

ABB has recently won contracts worth $123 million from Shanghai SECCO Petrochemical Company Ltd to develop part of its new petrochemical complex in China.

ABB will provide the technology license, engineering, and procurement for a 500,000 metric tons per year (MTA) ethylbenzene/styrene monomer unit, and the engineering and procurement for a 300,000 MTA polystyrene unit.

The units are part of SECCO’s new $2.7 billion petrochemical complex in Caojing, which is due to start operations in 2005.

‘The contracts are a further expression of confidence in our technologies, and demonstrate our long-term commitment to China’s petrochemical industry, where we have been present for more than 30 years,’ commented Erik Fougner, head of ABB’s Oil, Gas and Petrochemicals division.

ABB won another order last year worth $200 million to provide process technologies, engineering and procurement services for a naptha craker and olefins conversion unit at the same complex. In addition, ABB will provide the technology, engineering, and procurement for a butadiene extraction plant.