Rotary wins LNG storage tank contract

Rotary Engineering has won a contract with IHI Corp. to work on two LNG storage tanks at an LNG terminal in Thailand.

This was one of many contracts won by the engineering, procurement, construction (EPC) and maintenance services company, which together are purported to be worth in the region of US$ 80 million.

Rotary will provide tankage works for two 160 000 m³ storage tanks for the LNG receiving terminal Phase II expansion project at the Map Tha Phut petrochemical plant, located in the Thai province of Rayong.

Roger Chia Kim Piow, the Chairman and Managing Director of Rotary, said: “We are excited about this new win. Rotary has invested time and resources to prepare for this market and finally it has come to fruition. We are encouraged with the trust that our client has placed upon us. This is a reflection of Rotary’s strong and good reputation, which it has built over the years. With this track record, we are now well positioned to participate in the other LNG projects in Singapore, Asia and the Middle East.”

Rotary is seeking to expand its LNG value chain activities in Singapore and South East Asisa as demand in the region rises. The company recently reported a 70% increase in revenues for the first half of the year.

Edited from various sources by Ted Monroe

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/02092014/rotary-engineering-wins-lng-storage-tank-works-contract-1322/