Latest news for Chiyoda (OTC:CHYCF) Stock

Chiyoda Corp offers engineering, procurement, and construction, or EPC, services to the energy and chemical industries. The Japanese firm is involved in two main areas of activity: energy and environment. Its energy segment involves constructing liquefied natural gas plants and other gas-related facilities. Chiyoda also provides EPC, operation, expansion, and improvement services to petrochemical and metal firms through this business. The environment segment includes EPC work on pharmaceutical manufacturers as well as preservation technology offerings like air pollution control and wastewater treatment. Chiyoda uses artificial intelligence technology to optimize plant operations in their digital transformation business. It earns the majority of its total revenue overseas.

Chiyoda Corp

Chiyoda

Chiyoda Corporation (OTC: <a class="ticker" href="/stock/chycf#OTC">CHYCF</a>), CB&amp;I (NYSE: <a class="ticker" href="/stock/cbi#NYSE">CBI</a>) and Saipem today announced the three companies' joint venture, CCS JV, has been selected as contractor for the initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation (NYSE: <a class="ticker" href="/stock/apc#NYSE">APC</a>) on behalf of the co-venturers in Mozambique's Offshore Area 1. The selection of CCS JV is subject to negotiation and entry into a definitive agreement prior to Anadarko and its co-venturers taking a Final Investment Decision (FID).

The initial scope of work for the onshore LNG park includes two LNG trains, each with a capacity of six million tonnes per annum, two LNG storage tanks, condensate storage, multi-berth marine jetty and associated utilities and infrastructure. 

CCS JV has a long-term relationship with Anadarko and its partners for the planning and development of this project and will bring the three companies' substantial LNG experiences to successfully complete the onshore LNG park in Mozambique.

About Chiyoda Chiyoda Corporation, headquartered in Yokohama, Japan, is a leading contractor for designing and constructing LNG plants, accounting for more than 40 percent of the world's total LNG production capacity based on its innovative plant design and world class project execution capabilities

    <a href="http://www.benzinga.com/pressreleases/15/05/n5517519/chiyoda-cb-i-and-saipem-joint-venture-selected-as-contractor-for-mozamb">See full press release</a>

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Monday, May 18, 2015

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