Abdullah Al Shamrani and Sungan Choi at the signing ceremony.
Samsung Engineering wins $700m Sabic petchem plant deal
SEOUL, December 28, 2017
Samsung Engineering has received a contract from Sabic’s manufacturing affiliate, Jubail United Petrochemical Company (United), for the construction of a $700-million ethylene oxide–ethylene glycol (EO/EG) plant in Saudi Arabia.
The plant's production capacity will be 700,000 metric tonnes of ethylene glycol per year.
The project will be executed in Jubail Industrial City located 100 km north of Dammam. Construction completion expected in 2020, said Samsung Engineering.
Samsung Engineering President & CEO Sungan Choi and United's President Abdullah Al Shamrani signed the contract at ceremony.
Samsung Engineering is the one of top EG plant builders globally, with previously delivering 16 plants in total.
Samsung benefits from the track record and experience of delivering 27 projects to Saudi Arabia, 22 to Sabic-related companies including United. Further, during the last 10 years, Samsung Engineering built EG plants around the globe in countries such as the US, Malaysia, Thailand and India.
A Samsung Engineering spokesperson stated: "We are eager to provide the finest plant for Saudi Arabia.
“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.” - TradeArabia News Service
