Braskem Idesa, a joint venture company of Braskem and Grupo Idesa, has awarded the contract to the joint venture.

ICA Fluor, Odebrecht, and Technip together will design and build the new Etileno XXI petrochemical complex which includes constructing an ethane-based ethylene cracker facility with a capacity of producing one million tons per year.

The JV will employ Technip’s proprietary technology at the ethylene cracker facility.

Technip chairman and chief executing officer Thierry Pilenko said, "The Ethylene XXI cracker will be the most modern and efficient in operation in the Americas and will use Technip’s state-of-the-art technology."

Under the contract, the partners will also construct two high density polyethylene plants using INEOS Innovene technology, build a low density polyethylene plant using BASEL Lupotech technology, and a storage, waste treatment, and utility facilities.

The scope of the work also includes setting up a 150MW combined cycle power and steam co-generation plant, a multimodal logistics platform, and administrative, maintenance, control room and ancillary buildings

The ethylene plant is expected to be ready for start up in June 2015.