Drake & Scull International (DSI), a provider of integrated design, engineering and construction services to general contracting, mechanical, electrical and plumbing (MEP), water and power, rail, and oil and gas sectors, signed an agreement with Egypt-based Carbon Holdings as part of the Tahrir Petrochemical Corporation (TPC) Project development at the entrance of the Suez Canal in Ain Sokhna, Egypt.
Under the terms of the agreement, DSI will join the international consortium of companies comprising Maire Tecnimont, a conglomerate in Engineering & Construction, Technology & Licensing and Energy and Ventures, and Archirodon Group, a diversified international contracting organisation, to undertake engineering, procurement, construction and commissioning (EPCC) activities related to the utilities and offsite facilities of the project.
The scope of work for DSI will encompass the complete OSBL construction works and civil works, including storage facilities and ancillary buildings for an approximate contract value of USD 600M. Egypt’s Carbon Holdings is aiming to commence construction of its USD 5B-plus TPC Project in 2015.