Toyo Setal Takes on Rio de Janeiro Petrochemical Complex

Toyo Setal is a company from Brazil that specializes in the implementation of industrial complexes. It is the product of a joint venture between SetalConstruções and Toyo Engineering Corporation in 2012. Toyo Setal has the main focus of Engineering, Procurement, Construction and Commissioning.

Recently. Toyo Setal won a bidding process that took over a year to conclude. The bid was to complete the construction works of the Rio de Janeiro Petrochemical Complex in Brazil. The project had been started previously , but do to unforeseen issues it had been stalled since 2015. The projected completion is roughly 18 months. The deal partners Toyo Setal with Petrobras again. Petras has been one of their largest customers in the past.

They visited the site several times in preparation for their bid. There are difficulties involved with reviving a project of this magnitude and they wanted to make sure that they were well versed in what was needed to complete things.

The jobs that will be generated by this venture are also bringing much excitement to Rio de Janeiro. It is projected this project will generate over 1000 direct job. Each direct job makes another 4 indirect job opportunities. This should mean over 5000 jobs and help the local economy out immensely, as it had faltered due to work stoppages. . The main objective of this complex was processing oil and gas extracted from the pre-salt superfields. Given that they would need private investors to go that route, they have changed the focus to a refinery that has the capacity to produce hundreds of thousands of barrels per day of oil products such as diesel and gasoline.

Toyo Seta has the motto of intelligence, integrity and ambition. They feel this strengthens their commitment to projects and helps to achieve excellence. They continually search for new talent to help achieve company goals.

https://www.crunchbase.com/organization/toyo-setal

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