Punj Lloyd secures major order in Malaysia

Punj Lloyd Group, the global diversified EPC entity, has won a Rs. 3,515-crore ($581 million) RAPID Tank Farm order from PRPC Refinery and Cracker Sdn Bhd, a subsidiary of Petroliam Nasional Berhad (Petronas) Group, Malaysia’s national energy company.

With this win, Punj Lloyd Group’s order backlog has reached Rs. 24,679 crore. The order backlog is the value of unexecuted orders on June 30, 2014, plus new orders received after that date.

The tank farm is part of Petronas’ Refinery and Petrochemical Integrated Development project in Pengerang, Johor, Malaysia. Developed within a 6,242-acre site, RAPID is part of the colossal Petronas Pengerang Integrated Complex (PIC) development, along with associated facilities including the cogeneration plant, regasification terminal 2, air separation unit, raw water supply project, crude and product tanks, and central and shared utilities and facilities.

Punj Lloyd’s scope of work in the RAPID Tank Farm project includes project management, design, engineering, interface with other contractors and third parties, procurement, construction, inspection and testing, pre-commissioning and commissioning. The tank farm will be a critical project requiring expertise in the construction of different types of tanks including storage tanks, LPG tanks, mounded bullets, light cracked naphtha storage, transfer pumps and additive packages.

“Punj Lloyd is privileged to be part of PIC’s critical milestone requirements. Our expertise in tankage is recognised globally with our greatest advantage being our in-house engineering skill and extensive project experience of large scale tank projects,” stated J.P. Chalasani, Managing Director and Group CEO, Punj Lloyd.

PIC is a part of the Johor State’s Pengerang Integrated Petroleum Complex, which is under Malaysia’s Economic Transformation Programme to establish new engines of growth for the Southeast Asian country; whilst meeting future energy requirement and strengthening Petronas’ position as a key player in the Asian chemicals market, focusing on differentiated and speciality chemicals. PIC will involve an estimated investment of $27 billion and is poised for its refinery startup by early 2019.