Recently, the Fifth Construction Company of Sinopec Refining and Chemical Engineering Group won the bid for the Singapore Refining and Chemical Integrated Mechatronics Installation Project with a contract value of US$158 million, or approximately RMB1.11 billion.

This project is another large-scale overseas project after the Fifth Construction Company has successfully won bids for several projects in Saudi Arabia. It is of great significance for the Fifth Construction Company to expand the Southeast Asian market, participate in the construction of the world's third largest oil refining center, and enter the international high-end refining engineering market.

After 8 months and 15 rounds of video conference bidding and contract negotiation, the two parties reached an agreement on the basic price and contract terms, and successfully signed the LOA award letter.　

The Singapore Refining and Chemical Integration Project, referred to as CRISP, is located on Jurong Island, Singapore. The owner is ExxonMobil Asia Pacific Pte Ltd. The general contractor is Spanish TR Company. Construction is expected to start in January 2021 and be completed in June 2023.

Since the implementation of the Belt and Road Initiative, Sinopec has actively carried out international project cooperation. In the next step, the Fifth Construction Company will set up an excellent project management team, learn from the successful experience of projects in Kuwait and Saudi Arabia, ensure that the project is completed as a high-quality model project, and strive to build a new brand for the Fifth Construction Company for overseas projects! Editor/Tian Zengpeng