CTCI and Business Partner MIE Industrial Sdn Bhd Secure New Contract from Petronas, Beating Major International EPC Contractors with a Reliable Track Record

CTCI Group Vice Chairman Michael Yang (2nd left), MIEI CEO Mr. Khairuddin Othman (3rd right), Ir. Dr. Colin Wong, PETRONAS SVP & CEO (3rd left) attend the contract signing ceremony.

With years of cultivation and development in the Malaysia hydrocarbon market, CTCI contracted RAPID P1 RFCC Project of PETRONAS in 2014 with a contract value of USD 1 billion. The strong innovative technological expertise and project execution capability of CTCI in the P1 Project has won the owner’s recognition and trust, which led PETRONAS to once again commission CTCI for the RAPID Package 28B EPCC of Euro 5 Mogas CNHT2, Isomerization, TAME and Tankage Project this November. The contract signing ceremony has been held successfully in Kuala Lumpur.

PETRONAS Malaysia’s fully integrated oil and gas embarked on the Pengerang Integrated Complex (PIC) which comprises of the Refinery and Petrochemical Integrated Development (RAPID) and associated facilities. The project has attracted much attention from major international EPC contractors vying for the bid. By securing the Package 28B contract, CTCI and MIEI becomes the only EPC contractor to win 2 refinery contracts within the PIC.

CTCI has established the CTCI Engineering & Construction Sdn. Bhd. in Malaysia back in 1983, aiming to explore and cultivate the local hydrocarbon market and get hold of the business opportunities of power plant constructions. Once the new project is delivered, the plant will produce high quality gasoline product in compliance with the stringent EURO-5 emissions standard, striking a balance between economic development and environmental protection in Malaysia.