Toyo Engineering

Name

Toyo Engineering

Legal name

Toyo Engineering Corporation

Website

https://toyo-eng.com

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Engineering Procurement Construction (EPC) Services

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Oil & Gas Field Machinery & Equipment (3533), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK)

Keywords

• Engineering procurement construction
• Petrochemical plant construction
• Industrial plant engineering
• Carbon capture storage
• Offshore subsea systems

Headquarters

HQ city

Chiba

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Contracts: Engineering, Procurement, and Construction contracts for industrial plant construction, including lump-sum EPC contracts for fertilizer plants and petrochemical facilities.
2. Engineering and Construction Services: Engineering and construction contracts for expansion projects at petrochemical facilities, including new systems installation and expanded export logistics.

Go-to-market motion2 records

Core offering

Toyo Engineering Corporation is a Japanese engineering, procurement and construction (EPC) company that delivers lump-sum and negotiated contracts for industrial plant construction, primarily serving the hydrocarbons, petrochemical, and fertilizer sectors worldwide. The company also develops proprietary energy-transition technologies including subsea carbon capture and storage (CCS) systems, closed-loop geothermal power systems, and AUV-based offshore wind inspection technology.

Differentiator

Problem solved

Functional benefit

Products and services

• GNFC Ammonium Nitrate-II Plant EPC Contract
• Aster Chemicals Ethylene Export Expansion Project
• Subsea Carbon Capture and Storage (CCS) Solutions
• Closed-Loop Geothermal Power System
• AUV-Based Offshore Wind Inspection System
• Daewoo E&C Co-Developed Plant Projects
• Rare Earth Seabed Recovery Technology Project

Quantifiable outcome

• Doubled ethylene export capacity by 2027 for Aster Chemicals facility
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Aster Chemicals & EnergycoreStrategic or Co-development Partner · 20 May 2026Engineering and construction contracts awarded for $80 million ethylene export expansion project at Ethylene Cracker Complex on Bukom Island, Singapore. Toyo Engineering to provide new ethylene chiller system and expanded export logistics, strengthening integration with Chandra Asri's plant in Cilegon for end-to-end ethylene derivatives value chain.
• Daewoo E&CcoreStrategic or Co-development Partner · 17 April 2026Signed MoU to co-develop plant projects in sectors including fertilizer plants, methanol and clean fuel. Also discussed expanding global energy projects into ammonia, petrochemicals and renewable energy, as well as post-conflict reconstruction in the Middle East.
• OneSubseacoreTechnology or Integration · 15 April 2026MoU signed to explore collaboration in subsea carbon capture and storage (CCS) projects. Combining Toyo's CCS project development and onshore facility engineering expertise with OneSubsea's subsea technology and processing systems. Initially focusing on Japan and Southeast Asia markets, targeting system design optimization and marketing strategies for offshore CO2 transport, injection, and storage. OneSubsea is a joint venture of SLB, Aker Solutions, and Subsea7.
• Nippon Steel Engineering CorporationcoreStrategic or Co-development Partner · 30 March 2026Collaboration to develop roadmap for automating underwater inspection work for offshore wind power generation facilities using AUVs. Demonstration test conducted in October 2025 in Numazu City, Shizuoka Prefecture, targeting practical application around 2030.
• UTOC EngineeringcoreStrategic or Co-development PartnerJointly awarded engineering and construction contracts with Toyo Engineering for Aster Chemicals ethylene export expansion project.
• OKI Electric IndustryminorStrategic or Co-development PartnerPartner in AUV offshore wind inspection project, contributing fixed measurement barge SEATEC NEO for inspection testing.
• Mitsubishi Corp.coreStrategic or Co-development PartnerJoint adoption of next-generation geothermal power techniques. Mitsubishi pursuing deep drilling technology while Toyo Engineering preparing to test closed-loop system to broaden scope of candidate sites and meet growing electricity demand from data centers.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Petrofac: UK-listed EPC and operations services provider with strong Middle East and Asia presence, comparable business model of lump-sum EPC plus ongoing services, and similar exposure to oil & gas capex cycles.
• Chiyoda Corporation: Japanese EPC company with overlapping exposure to LNG, petrochemical, and energy transition projects. Comparable in scale, geographic focus on Middle East and Asia, and technology positioning including hydrogen and CCS initiatives.
• Worley Limited: Australia-based global EPC and energy services firm with comparable hydrocarbons-to-energy-transition pivot, similar project execution model, and overlapping client base in petrochemicals and offshore wind.
• Saipem: Italian EPC contractor with deep capabilities in offshore, subsea, and energy infrastructure — directly comparable to Toyo on subsea CCS positioning and large-diameter pipeline/injection projects.
• Larsen & Toubro (L&T) Hydrocarbon: Indian conglomerate's hydrocarbon EPC arm — directly comparable to Toyo India in regional petrochemical and fertilizer plant construction, with comparable scale and lump-sum EPC contract model.
• TechnipFMC: Subsea and surface EPC player with direct overlap on offshore CCS, subsea injection systems, and integrated project delivery — closely analogous to Toyo's OneSubsea partnership positioning.
• Daewoo E&C: Korean EPC major that Toyo signed an MoU with to co-develop fertilizer, methanol, clean fuel, ammonia, petrochemical, and renewable energy projects. Comparable in core plant construction business with much larger cumulative scale (481 overseas projects, $71B contract value).
• McDermott International: Offshore and subsea EPC contractor with direct comparability to Toyo on offshore, subsea CCS, and integrated facility projects across Asia-Pacific and Middle East geographies.
• Hyundai Engineering & Construction: Korean EPC heavyweight competing for the same petrochemical, petrochemical, and energy infrastructure projects globally, particularly in the Middle East and Southeast Asia where Toyo is also active.
• JGC Corporation: Japanese-headquartered global EPC contractor serving hydrocarbons, petrochemicals, and increasingly energy transition projects. Closest direct competitor to Toyo in Asian LNG, fertilizer, and petrochemical plant construction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/toyo-engineering-corporation-japan

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toyo Engineering