SHANGHAI, March 5, 2018 /PRNewswire/ -- Wison Engineering Services Co. Ltd. ("Wison Engineering" or "Company") (Stock code: 2236.HK) is pleased to announce that Wison Petrochemicals (NA) LLC (''Wison Petrochemicals'') (an indirect wholly-owned subsidiary of the Company), as contractor, was recently awarded a construction contract (the ''Contract'') for the modularisation of the design and supply processes, bulk material procurement and on-site construction and installation for a petrochemical project (''Project'') in Texas. The total consideration under the Contract is approximately US$360 million. The Project is expected to be delivered in the first quarter of 2020.
The Project is currently the largest modularization project undertaken by a private Chinese petrochemical engineering company in the USA. Leveraging on its extensive experience in modularization, Wison Petrochemicals will maximize the modularisation of the design and supply processes, ensure the quality and safety of the Project, enhance installation efficiency, lowering costs and shorten installation time in order to provide the most economical solutions to the client.
In July 2017, Wison Petrochemicals successfully signed its first contract for the modularisation of the design, construction, transportation and installation in North America. The Project is currently making good progress and is highly recognized and acclaimed by the project owner.
Ms. Vivian Li, Vice President of Wison Petrochemicals (NA) LLC, said, "We appreciate the trust and support rendered by the project owner. We will fully leverage our advantages as a Chinese enterprise while maintaining close communication with our client on module optimization. We will also work closely with the local construction contractor in the USA to deliver quality experience that exceeds customer's expectation by providing differentiated and high value-added services."
About Wison Engineering Services Co. Ltd
Wison Engineering Services Co. Ltd. ("Wison Engineering" or the "Company", Stock Code: 2236.HK) is one of leading chemical engineering, procurement and construction management ("EPC") service and technical service providers in China. The Company specializes in the provision of construction and technical services for engineering installations in the petrochemical, coal-to-chemical and refining industries. From technology license, project planning and consultation to design, procurement and construction phase project management, as well as start-up and operational services, the Company provides diversified services and one-stop solutions to domestic and foreign clients.
Wison Engineering is committed to R&D and technology innovation in the areas of process integration technologies, coal-to-chemical technologies, clean coal utilization technologies and energy saving technologies. The Company has owned ethylene cracking, olefin separation, butadiene and other independent intellectual property and make them commercialized. At the same time, Wison Engineering has developed other coal-to-chemicals technologies such as large-scale coal gasification technology, SNG, coal-to-ethylene glycol/ ethanol technology with well-known companies and universities.
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