Samsung Engineering wins $650mln Saudi petchem plant contract

The contract was awarded by Advanced Global Investment Company

  
Samsung Engineering's joint venture with Petrofac contract package for work at the new Duqm refinery in Oman. Image for illustrative purposes.

Samsung Engineering's joint venture with Petrofac contract package for work at the new Duqm refinery in Oman. Image for illustrative purposes.

Samsung Engineering/Handout via Thomson Reuters Zawya

Samsung Engineering Company, a leading engineering, procurement, construction and project management (EPC&PM) company, said it has clinched a $650 million deal to build a petrochemical plant at Jubail Industrial City II in Saudi Arabia.

The contract was awarded by Advanced Global Investment Company, a subsidiary of Saudi Arabia's Advanced Petrochemical Company.

As per the deal, Samsung Engineering will build a propane dehydrogenation plant and utilities and offsites at Jubail Industrial City II on Saudi Arabia's eastern coast, stated Advanced Petrochemical Company in its bourse filing.

The plant, which is set to be completed in 2024, will produce 843,000 tonnes of propylene per annum with all required off-sites and utilities by utilizing Catofin technology from US group Lummus Technology, it added.-TradeArabia News Service

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Construction