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May 29, 2013
Toyo’s Brazil affiliate awarded contract for hydrogen production facilities
Toyo-Setal Empreendimentos Ltda. (TSE), a Brazilian joint venture capitalized by Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp), has been awarded a contract from Petróleo Brasileiro S.A. (Petrobras) for the construction of hydrogen production facilities (250,000 Nm3/h) to be installed in the Complexo Petroquímico do Rio de Janeiro (Comperj) now under construction in Itaboraí, Rio de Janeiro, Brazil. The project scope of work is for detailed design, procurement of equipment and materials, installation and commissioning support. The project is scheduled to be completed in mid-2016.
The Comperj is regarded as one of the important projects by Petrobras, which utilizes heavy oil produced in local oil fields as feedstock to meet increasing domestic demand for light oil and petrochemical products. Toyo is now constructing utility facilities (water treatment and electricity generation facilities) for the complex. In addition, TSE is to construct hydrogen generation facilities under this contract.
TSE is a business corporation implementing EPC related mainly to onshore facilities, as a wholly-owned subsidiary of TS Participações e Investimentos S.A. (TSPI), a Brazilian corporation established in May 2012 by Toyo and SOG - Óleo e Gás S.A., a leading engineering company, with a shareholding ratio of 50% per company.