Both parties will cooperate in the development of engineering, procurement and construction (EPC) opportunities throughout Asia, including Indonesia, Thailand, Vietnam, Singapore, Myanmar, Bangladesh, Pakistan, Kazakhstan and Tajikistan. On certain pursuits, TCC will also explore gaining financing for the project.
Rochman Goswami, Vice President and Managing Director – Asia, Oil & Gas, said: “For decades we have been working closely with Chinese contractors and equipment providers delivering successful projects beyond China’s borders.
“Partnering with TCC – China’s first chemical design institute – will accelerate our ability to bring our oil and gas technology to markets in Asia through a technically advanced and cost-effective EPC solution.”
The Vice President of TCC, Deng Zhaojing, added: “Black & Veatch’s reputation and experience in the global contracting and oil and gas sectors will help TCC create compelling international EPC solutions for our clients.
“This partnership is one that will allow us to continue to expand our operations in other parts of the world in line with China’s One Belt, One Road Initiative.”
In the statement, Black & Veatch claims that the non-exclusive partnership will explore opportunities in areas including natural gas processing, urea and other chemical processing, sulfur recovery units (SRU), and syngas and Fischer Tropsch technologies. The partnership will be subject to renewal after a 24-month period.