Samsung wins $700m chemical plant contract in Saudi Arabia

WCN Editorial Team 2 Jan 2018 MIDDLE EAST BUSINESS

Samsung Engineering has won a $700m contract from Jubail United Petrochemical Company, a manufacturing affiliate of Saudi Basic Industries Corporation (SABIC), for setting up an ethylene oxide-ethylene glycol (EO/EG) plant in Saudi Arabia, to produce 700,000 mtpa monoethylene glycol (MEG).

Monoethylene glycol is an important raw material in the manufacture of anti-freeze, coolants and solvents.

The project will be established in Jubail Industrial City located in the east of Saudi Arabia, 100km north of Dammam.

Construction of the project is expected to be completed in 2020, Samsung Engineering stated in a release.

Under the terms of the contract, Samsung Engineering will get work worth $389.17m and Samsung Saudi Arabia Co Ltd, a local unit of Samsung Engineering, will receive the rest.

A Samsung Engineering spokesperson said: “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.”

Samsung Engineering is an engineering, procurement, construction and project management (EPC & PM) company. It has operations in more than 40 countries and has built some of the world’s largest and most complex hydrocarbon plants.

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