Samsung Engineering Company said it has won two orders from Malaysian national oil company Petronas for the construction of petrochemical plants in the country for a total value of $882 million.
The South Korean company said Petronas had awarded the orders for the construction of a linear low density polyethylene (LLDPE) plant and an ethylene glycol (EG) plant.
Both projects are on a lump-sum-turn-key basis, which include design, engineering, procurement, construction and commissioning, and are set for completion in 2019.
On completion, the Malaysia Rapid (Refinery and Petrochemical Integrated Development) package11 EO/EG project and package 6A LLDPE project will have a capacity of 740,000 MTPA of Ethylene Glycol based on Shell Global’s technology.
The scope for this plant also includes EO/EG Tank Farm as well as Tank Truck Loading Rack and Drumming Warehouse. The contract value of the package 6A LLDPE plant is approximately $305 million US Dollars and has a capacity of 350,000 MTPA.
Samsung Engineering said it is familiar and well acquainted with the Malaysian market as it has completed the SOGT project in 2014 and is currently executing the TGAST project.Further, Samsung has already successfully delivered to the client five plants, of which two are located in Malaysia.
Choong Heum Park, the president and CEO, said Samsung Engineering has successfully worked and completed projects for the client hand in hand in Malaysia, Vietnam and Thailand.
“I expect great synergies to be created while working on the projects thanks to our excellent relationship with Petronas and expect the partnership to be even stronger after the successful completion of these two projects.
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