Yokohama, Japan - JGC Corporation has been awarded a contract by Singapore Refining Co. Pte. Ltd. (SRC), a 50:50 joint venture owned by Singapore Petroleum Co. Ltd. and Chevron, for the engineering, procurement and construction (EPC) of a refinery upgrade project. This project is located at Jurong Island in Singapore. Project completion is scheduled for March 2009.

The contract calls for the EPC of an ultra-deep light oil desulphurization unit and related facilities. The contract value is approximately US$81 million. This latest award follows the successful completion of the front-end engineering design (FEED) for these units by JGC.

As part of its environmental protection program, the Singapore government mandated the use of low sulphur diesel in 2005. Similar environmental regulations are in the process of implementation in other Asian countries, to which SRC exports. SRC’s upgrade project, referred to as the Diesel Clean Fuels Project, will be implemented with due consideration given to conforming to the low sulphur policies in the Asian region.

Upon completion, the new facilities will produce clean diesel fuels complying with Euro-IV regulations.