[Seoul, Korea] - Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, announced today that it received yesterday a contract from Advanced Global Investment Company (AGIC) for a $653 million PDH (Propane Dehydration) & UTOS (Utilities & Offsites) project in Saudi Arabia. The project will be located in Jubail Industrial City in the east of Saudi Arabia, 100 km north of Dammam. AGIC is a 100%-owned Advanced Petrochemical Company (APC) subsidiary.
The contract ceremony was held in a non-face-to-face manner through an online video conference between South Korea and Saudi Arabia. Khalifa Abdullatif Al Mulhem, Chairman of APC and Sungan Choi, President and CEO of Samsung Engineering attended the contract ceremony.
The PDH plant will be able to produce 843,000 tonnes/year of propylene and Samsung Engineering will construct the UTOS work related to the PDH plant. The PDH plant and the UTOS work are expected to be completed in 2024.
Samsung Engineering wants to continue the trend of recent orders in Saudi Arabia and further improve their market position with this project. Samsung Engineering won lately the Aramco HUGRS Project in 2019 and the SABIC JUPC EO/EG in 2018.
Sungan Choi, President and CEO of Samsung Engineering said, “Early engagement starting from FEED of this project as well as the persistence to improve our market situation in Saudi Arabia lead to this contract award. We are delighted that the client trust us with this PDH and U&O plant and we are confident that we can provide a state of the art plant with our product expertise, familiarity of the Saudi Arabian market as well as with implementations in innovative solutions aligned with digital transformation.”
About Samsung Engineering Co., Ltd.
Samsung Engineering is one of the world’s leading engineering, procurement, construction and project management (EPC & PM) companies. With experience in over 40 countries, the company provides total project management solutions from planning and financing to construction, and commissioning. Samsung Engineering business area portfolio reaches from world’s largest and most complex hydrocarbon plants such as in oil refining, gas, and petrochemical to cutting-edge industrial facilities in areas that include semiconductor and display as well as environmental facilities, like water treatment and air pollution prevention facilities. For more information, please visit www.samsungengineering.com
© Press Release 2021