Coreworx has been selected by Sinopec, Asia’s largest oil refiner, as the project execution solution for the joint venture with Kuwait Petroleum Corporation (KPC) in the province of Guangdong, China.
The $9 billion project, being constructed by Lyoyang Petrochemical Engineering Company Corporation (LPEC), an EPC contactor for Sinopec and technology licensor for Chinese energy and petrochemical industries, includes a 300,000-barrel-per-day refinery and a 1-million-ton-per-year ethylene cracking unit. The facilities are expected to come online in 2015.
After having LPEC conduct a thorough analysis of Coreworx’s project execution solutions, Sinopec selected Coreworx project execution suite to manage project information and business processes from FEED to operation of their joint venture project. Coreworx enables Sinopec to better manage the vast array of project information generated in a large complex project of this nature and enhance collaboration and exchange of information between stakeholders.
Ray Simonson, Coreworx CEO, says, "We are delighted that Sinopec has selected the Coreworx project execution suite for this very significant project after a very thorough evaluation. I look forward to seeing the progression of this relationship, especially as Sinopec integrates their best practices for project execution through the use of Coreworx.”
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