Jul 30 2009
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Samsung Engineering wins $304m order from SABIC
The deal with National Industrial Gases Co. , a unit of the state-run Saudi Basic Industries Corp. (Sabic) , calls for Samsung Engineering to complete the plant in the Al-Jubail region of Saudi Arabia by 2011, it said.
Under the deal, the South Korean company will engage in the whole process of the project ranging from licensing and design to procurement and construction.
Sabic is one of the world's 10 largest petrochemicals manufacturers ranked by market capitalization.
The plant will have a daily production capacity of 3,550 tons of oxygen, 3,600 tons of nitrogen and 150 tons of argon gas.
Including this award, Samsung Engineering has obtained a total of 4 awards in the month of July alone, which include the Algeria Skikda refinery, Saudi Aramco-Total Jubail Export Refinery package #3 and #4.
Samsung Engineering president and CEO Yeon-Joo Jung said the company was awarded a $304 million project for an air separation unit (ASU) from NIGC (National Industrial Gases Company), a subsidiary of Sabic.
Located in Al-Jubail, Saudi Arabia, the air separation plant would produce gaseous oxygen (3,550 ton/day), nitrogen (3,600 ton/day) and argon (150 ton/day) from compressed air through a cryogenic separation process.
Samsung Engineering will execute the licensing, engineering, procurement and construction under a Lump-Sum Turn Key basis and the plant is scheduled to be completed in 2011. This is the 8th project with Sabic, a result of quality project completion within schedule that has strengthened Samsung Engineering 's credibility with Sabic. Specifically for the ASU project, Samsung Engineering was able to rise above notable EPC competitors based on proven capabilities shown through previous project experience with Sabic.
In early 2009, Sabic presented its "Vision 2020".
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