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  • Samsung Engineering signs a USD1.7 bn contract for 2 plants in the UAE
    édité le 30/06/2010 - Plus de news de "Samsung E&A" - Voir la fiche entreprise de "Samsung E&A"

Samsung Engineering signs a USD1.7 bn contract for 2 plants in the UAE
On June 29th, Samsung Engineering signed an official contract with Borouge, a subsidiary of ADNOC, for a $1.7 bn USD contract for two plants announced in May as part of the Ruwais
refinery expansion project.

The signing ceremony was held in Abu Dhabi, UAE at the Sheik Khalifa Energy Complex in the Borouge Tower with ADNOC’s Director of Chemical Directorate Rashed Saud Al Shamsi, Borouge CEO Abdulaziz Alhajri, Samsung Engineering President and CEO Park Ki-Seok and Chairman of Marie Techimont Group F.Di Amato, along with 40 other UAE ambassadors and officials.

Samsung Engineering and JV partner Tecnimont (Italy) received a contract for $1.25 bn USD polyolefin plant and a $400 mn USD low density polyethylene (LDPE) plant from Abu Dhabi Polymers Co. Ltd (Borouge), a JV of UAE’s Adnoc and Austria’s Borealis. Currently Samsung Engineering is executing approx. $8 bn USD in projects with Adnoc.

Samsung Engineering-Tecnimont will head 2 out of 3 packages of the Borouge 3 expansion project for the UAE's Ruwais refinery complex. The expansion project includes the world's largest polyolefin plant, which will produce 900,000 tons of polypropylene and 108,000 tons of polyethylene. The second package consists of a plant that will produce 350,000 tons of LDPE.

This lump-sum-turn key project includes design, engineering, procurement, construction and commissioning, and is set for mechanical completion in September of 2013.

In the past 7 months, Samsung Engineering received a total of $7.1 bn USD in new contract orders from ADNOC, UAE’s national oil company, for 5 plant projects. This record demonstrates the partnership and trust between the client and Samsung Engineering.

Origine : Communiqué Samsung E&A

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