The companies will develop and explore the business opportunities across the globe in the field of non-hydrocarbon projects, such as infrastructure, new energy resources, environmental and industrial projects.
The companies have a long history of collaboration for decades mainly in the field of hydrocarbon projects.
Chiyoda has acquired approximately 10% of the total issued shares of CTCI to enhance and facilitate such collaboration.
CTCI provides engineering, procurement and construction services worldwide for facilities of various industries.
