Published: July 29, 2010
Chiyoda Singapore Awarded EPC Contract for Stolthaven Terminal in Singapore
YOKOHAMA, Japan - (BUSINESS WIRE) - Chiyoda Corporation ("Chiyoda") (TOKYO:6366) (ISIN:JP3528600004),
Japan's leading engineering and construction firm, today announces that
its subsidiary in Singapore, Chiyoda Singapore (Pte) Ltd., was awarded
an Engineering, Procurement and Construction (EPC) contract for a
chemical tank terminal for storage, import and export of chemical
products at Jurong Island's Tembusu Cluster, Singapore.
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1.
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Client:
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Stolthaven Singapore Pte Ltd. (a subsidiary of Stolt-Nielsen S.A.)
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2.
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Project Scope:
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EPC work for chemical storage tanks and associated facilities
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3.
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Capacity:
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61,000m3 of bulk-liquid storage (The First phase)
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4.
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Completion:
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The third quarter of 2011
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5.
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Contract Value:
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not disclosed.
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Total investment is said to be S$ 350 million including the
successive phases.
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Chiyoda Singapore has been involved in construction of storage terminals
for petroleum, petrochemical and chemical products for the past 30+
years. Positive evaluation of Chiyoda Singapore's price competitiveness,
project execution capabilities and history of on-time delivery led to
its acquisition of the Stolthaven's Project.
Stolthaven Singapore Pte Ltd is the Singapore subsidiary of
Stolt-Nielsen S.A. Stolt-Nielsen S.A. is a global company with
significant operations within various maritime related industries. The
operating companies all have in common that they are technically complex
with a focus on quality and sustainability, and a drive for innovation
and growth. Stolt-Nielsen, through its wholly owned subsidiaries Stolt
Tankers & Terminals and Stolt Tank Containers, is one of the world's
leading providers of globally integrated transportation services for
bulk liquid chemicals, edible oils, acids, and other specialty liquids.
Chiyoda Corporation, headquartered in Yokohama, Japan, provides services
in the fields of engineering, procurement and construction on a global
basis for gas processing, refineries, and other hydrocarbon or other
industrial plant projects, particularly Gas Value Chain projects, in the
Middle East, Russia, Africa, South East Asia, and Oceania regions.
Chiyoda Corporation
Ken Ito/Masako Takahashi, 81-45-506-7538
Investor
Relations and Corporate Communications Office
Fax: 81-45-506-7085
http://www.chiyoda-corp.com/en
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