Under the deal with Indonesia’s state-run PT Pertamina, Hyundai Engineering will take part in Indonesia Balikpapan Refinery Development Project that aims to revamp oil processing facilities in Balikpapan, East Kalimantan, some 1,000 kilometres northeast of Jakarta.
Hyundai Engineering said it will be responsible for the engineering, procurement and construction for the facility upgrade, which will increase the plant’s oil-refining output from 260,000 barrels per day to 360,000 barrels per day. The company under Hyundai Motor Group said it is expected to take 53 months for the completion.
With the latest order, Hyundai Engineering said it has secured 4 billion USD worth of orders overseas. Earlier, it also won a 1.1-billion USD contract in Poland and another worth 534 million USD in the US./.
- Hyundai is building an AI-powered cruise control that learns and mimics your driving style
- Cook Suggests Apple Will Invest In, Not Build New US Plants
- Experts suggest building solar power plants on reservoirs
- Intel to build $2 billion plant for copper chips
- Trump to Apple's Cook: 'Build a Big Plant' in the US
- Filipino engineers build eco-bricks with plastic waste
- Great Scott! Stanford Engineers Build Autonomous, Electric DeLorean
- Deputy PM urges Thai group to accelerate pace of refinery project
- Asia crude oil refiners pay the price for U.S. sanctions on China ships: Russell
- Power utility mobilizes oil-fired electricty as water supply falls