TOYO and HYUNDAI Awarded LPU Project for Pearl GTL in QatarAug. 3, 2006

Toyo Engineering Corporation (TOYO) and Hyundai Engineering & Construction Co., Ltd. (HYUNDAI) have jointly received a lump-sum contract for the engineering, procurement and construction of Liquid Processing Unit (LPU) with a capacity of 140,000 BPD for Qatar Shell GTL Limited at Ras Laffan in Qatar. The plant is scheduled to be completed in the second half of 2010. This LPU unit, which is one of the major components of Pearl GTL Project, is to produce Kerosine, Lubricant, etc. from Gas To Liquids for the maximization of the usage of Natural Gas produced in Qatar.

TOYO, the leader of the consortium would undertake basic engineering, major equipment procurement and commissioning while HYUNDAI would undertake detailed engineering, equipment (other than major equipment) and bulk material procurement and construction work.

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