Jan. 7, 2004

Toyo Engineering Corporation (TOYO) has been awarded a contract for the World's Largest Ethylene Oxide (EO) and Ethylene Glycol (EG) plant with the capacity of EG 630,000 MTPA by Saudi Basic Industries Corporation (SABIC) . This plant is the second EO/EG plant to be constructed in the Jubail United Petrochemical Company (UNITED) Olefin Complex in Al-Jubail Industrial City on the eastern coast of Saudi Arabia where the first EO/EG plant with the same capacity is currently under construction by TOYO.

Based on the latest technology of Scientific Design, USA, TEC's scope of work of the contract includes engineering, procurement of equipment and materials, and construction of the plant on a Lumpsum Turnkey contract basis. The plant is scheduled for completion in the second quarter of 2006.

TOYO has built the largest number of EO/EG plants in the world using Scientific Design process. With this new order, TOYO will continue to strengthen its position in Saudi Arabia and other Middle East markets.

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