Thursday, 28 December 2017

Samsung wins $700m Saudi chemical plant EPC contract in SAUDI ARABIA !!

Saudi Basic Industries Corp. (SABIC) is expected to award an engineering, procurement and construction (EPC) contract for its planned Jubail-based acrylonitrile by 2015.
The three remaining contractors are South Korea’s Daelim Industrial and Samsung Engineering, as well as Spain’s Tecnicas Reunidas.

Finally Korea's Samsung Engineering said it has secured a major contract from Jubail United Petrochemical Company (United), an affiliate of Saudi petrochemical giant Sabic for a $700-million ethylene oxide–ethylene glycol (EO/EG) plant in the kingdom.

The project, which will produce 700,000 MTPA (million tonnes per annum) MEG, will be executed in Jubail Industrial City located in the east of Saudi Arabia, 100 km north of Dammam. The construction work is due to be completed in 2020.

Samsung Engineering is the one of top EG plant builders globally, with the company delivering a total of 16 plants.

One of the world’s leading engineering, procurement, construction and project management (EPC & PM) companies, it has experience in over 40 countries.

Samsung benefits from the track record and experience of delivering 27 projects to Saudi Arabia, 22 to Sabic-related companies including United.

The company provides total project management from planning and financing to construction and commissioning and has built some of the world’s largest and most complex hydrocarbon plants.

Further, during the last 10 years Samsung Engineering built EG plants around the globe such as in countries like US, Malaysia, Thailand and India.

"We are eager to provide the finest plant for Saudi Arabia," said a spokesperson for Samsung Engineering.

“With JUPC’s trust and our proven track record in EO/EG plants and Saudi Arabia we will provide the best services possible and looking forward to work with United with many further years to come,” he added.

Source By : SAMSUNG

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