Samsung Engineering awarded FEED contract for Saudi petrochemical project
Samsung Engineering has received the FEED (Front End Engineering Design) contract of a PDH, PP, UTOS plant from Alujain National Industrial Co. (LNIC) in Saudi Arabia.
The contract is worth US$19.428 million and the FEED work is expected to be carried out in Samsung Engineering’s offices in Seoul, Korea until May 2024.
This project will take place at the Yanbu Industrial Complex in Medina Province, western Saudi Arabia. This project is to carry out basic design for a propane dehydrogenation (PDH) plant with an annual capacity of 600,000 tons, a polypropylene (PP) plant with an annual capacity of 500,000 tons, and Utilities & Offsite (UTOS) required for the plant.
Samsung Engineering said the key to winning this work was its extensive experience in the PDH, PP field and its competitiveness in the FEED engineering technology market. Alujain has expressed its confidence in Samsung Engineering by awarding FEED after previously awarding Samsung Engineering with the Pre-FEED contract. Samsung Engineering plans to successfully carry out and execute this FEED project and has expressed its intent to win the EPC contract once it is released in mid-2024.
Hong Namkoong, President and CEO of Samsung Engineering said: “As we are proceeding from the initial Pre-Feed stage to the FEED stage of the project, we are applying all of Samsung Engineering’s innovative technologies.” Further, he added, “Samsung Engineering created a solid business model through its successful implementation of linking FEED to EPC orders, therefore creating another success story for its ‘FEED to EPC’ strategy.”
The regional experience in Saudi Arabia is also one part where Samsung Engineering is confident that it will lead to the success of this project. Samsung Engineering executed 32 projects in Saudi Arabia, five of those were PDH, PP projects. In addition, Samsung Engineering expects that it will be able to actively utilise the existing infrastructure and know-how in the region having successfully completed the Luberef lube base oil plant in Yanbu, where this project will be executed.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
![BloomburgMedia_SFX15PDWLU6800_01-07-2024_08-58-33_638553888000000000.jpg](/media/u0geqquv/bloomburgmedia_sfx15pdwlu6800_01-07-2024_08-58-33_638553888000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133642979132800000&format=webp)
Oil Gains With Focus on China’s Economy and Geopolitical Risks
Jul 01, 2024![BloomburgMedia_SFWNTDDWRGG000_01-07-2024_09-00-46_638553888000000000.jpg](/media/xbzlg5gk/bloomburgmedia_sfwntddwrgg000_01-07-2024_09-00-46_638553888000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133642980469800000&format=webp)
Saudi Reserves Jump to 18-Month High Thanks to Aramco Dividends
Jul 01, 2024![BloomburgMedia_SFUQSRDWRGG000_30-06-2024_06-00-10_638553024000000000.jpg](/media/zdchwcsk/bloomburgmedia_sfuqsrdwrgg000_30-06-2024_06-00-10_638553024000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133642008106230000&format=webp)
Citgo Auction Planner Asks Delay of Sale Hearing Until September
Jun 29, 2024![BloomburgMedia_SFQDEFT1UM0W00_28-06-2024_07-22-19_638551296000000000.jpg](/media/wuyj2iv5/bloomburgmedia_sfqdeft1um0w00_28-06-2024_07-22-19_638551296000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133640329392130000&format=webp)
Oil Stuck in Tightest Trading Range Since 2021 Ahead of US Data
Jun 28, 2024![BloomburgMedia_SFOGH2T1UM0W00_27-06-2024_06-11-53_638550432000000000.jpg](/media/ostdbiro/bloomburgmedia_sfogh2t1um0w00_27-06-2024_06-11-53_638550432000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133639423131800000&format=webp)
Oil Stuck in Narrow Range Ahead of Key US Economic Figures
Jun 27, 2024![Oil Rig (2)](/media/cyvbjs40/oil-rig.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132938805898570000&format=webp)
Lamprell delivers second jackup rig for Saudi market
Jun 27, 2024![Totalenergies](/media/41ojyade/totalenergies.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132881916816700000&format=webp)
TotalEnergies to sell UK West of Shetland assets to the Prax Group
Jun 27, 2024![BloomburgMedia_SFMMAXT0AFB400_26-06-2024_06-00-10_638549568000000000.jpg](/media/00rfanvg/bloomburgmedia_sfmmaxt0afb400_26-06-2024_06-00-10_638549568000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133638552104000000&format=webp)
Oil Steadies as Industry Report Points to Rising US Stockpiles
Jun 26, 2024![Zephyr](/media/metnmkpp/zephyr.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133638742860270000&format=webp)
Zephyr Energy advances State 36-2R well testing and secures new financing
Jun 26, 2024![Totalenergies (3)](/media/2cjewaqv/totalenergies.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132844703590900000&format=webp)
TotalEnergies secures majority stake in offshore block in the coast of São Tomé and Príncipe
Jun 26, 2024![Setting the pace in decarbonising steel production-1863174552](/media/2iol3l0c/setting-the-pace-in-decarbonising-steel-production-1863174552.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133618761586730000&format=webp)
Setting the pace in decarbonising steel production
Jun 03, 2024![BCG on making energy demand more efficient and sustainable-1863225347](/media/ogfnknhe/bcg-on-making-energy-demand-more-efficient-and-sustainable-1863225347.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133618869575430000&format=webp)
BCG on making energy demand more efficient and sustainable
Jun 03, 2024![OPEC's output cut extension: analysing the global impact-1863248865](/media/5ybfzlqp/opec-s-output-cut-extension-analysing-the-global-impact-1863248865.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133618869567770000&format=webp)
OPEC's output cut extension: analysing the global impact
Jun 03, 2024![Navigating the trading seas: exploring the significance of benchmarks-1859882229](/media/qlacaiww/navigating-the-trading-seas-exploring-the-significance-of-benchmarks-1859882229.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133613577584600000&format=webp)
Navigating the trading seas: exploring the significance of benchmarks
May 27, 2024![Driving sustainability: the power of energy policies-1857914550](/media/0v0blfir/driving-sustainability-the-power-of-energy-policies-1857914550.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133610085546170000&format=webp)
Driving sustainability: the power of energy policies
May 23, 2024![Dr Carole Nakhle Thumbnail](/media/gqrpjths/dr-carole-nakhle_thumbnail.png?anchor=center&mode=crop&width=540&height=300&rnd=133542056370600000&format=webp)
More women in energy vital to the industry’s success
Mar 06, 2024![Vandana Hari Thumbnail](/media/gz3dyktl/vandana-hari-thumbnail.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133511540022930000&format=webp)
India’s energy sector presents lucrative opportunities for global companies
Jan 31, 2024![OIL INDIA Thumbnail (1)](/media/oddlww2x/oil-india-thumbnail-1.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133506537128730000&format=webp)
Oil India charts the course to ambitious energy growth
Jan 25, 2024![DNV Thumbnail](/media/chkphnjn/dnv-thumbnail.png?anchor=center&mode=crop&width=540&height=300&rnd=133491856590700000&format=webp)
Maritime sector is stepping up to the challenges of decarbonisation
Jan 08, 2024![BCG FERDINAND Thumbnail 01](/media/mhngslc2/bcg_ferdinand_thumbnail-01.png?anchor=center&mode=crop&width=540&height=300&rnd=133464907617530000&format=webp)
COP28: turning transition challenges into clean energy opportunities
Dec 08, 2023Partner content
![Dr Klaus](/media/4eyh2dr0/dr-klaus.jpg?center=0.3953747239980292,0.50683017007953435&mode=crop&width=540&height=300&rnd=133517897092430000&format=webp)
Ebara Elliott Energy offers a range of products for a sustainable energy economy
![ESSAR](/media/5uafghtj/essar.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133524466961070000&format=webp)
Essar outlines how its CBM contribution is bolstering for India’s energy landscape
![HNC 7611 V2](/media/0dqbya15/hnc_7611_v2.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133517899616530000&format=webp)
Positioning petrochemicals market in the emerging circular economy
![Spectrum](/media/esvgoqpk/spectrum.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133524457491730000&format=webp)
Navigating markets and creating significant regional opportunities with Spectrum
![HEXAGON JOSEPH](/media/ybvjzlwk/hexagon-joseph.png?anchor=center&mode=crop&width=540&height=300&rnd=133473727370670000&format=webp)