The Cepsa Chemical project, Phenol/Cumene, is the first investment made by the Spanish company after its acquisition of IPIC. This serves as a gateway for future investments planned in Asia. Next, CEPSA acquired Coastal Energy, demonstrating their commitment to the Asian market.
The chemical plant is located in the new Shanghai Chemical Pole, with two different units, Phenol and Cumene, as well as their interconnecting systems. The construction was overseen by a consortium of Técnicas Reunidas and China Huanqiu Contracting & Engineering Corp., which was formed for this project.
Grupo Cuñado supplied all of the piping materials, both underground and above ground, starting in October 2012 and continuing for two years..