04-12-2015

Two petrochemical plant projects awarded to Samsung Engineering

Samsung Engineering Co., Ltd. announced today that it received an LOA for the Malaysia RAPID package11 EO/EG project and package 6A LLDPE project with PRPC Glycols Sdn. Bhd. and PRPC Polymers Sdn. Bhd. respectively, wholly owned subsidiaries of Malaysian national oil company PETRONAS’ petrochemical entity, PETRONAS Chemicals Group Berhad.

The RAPID package 11 project is worth approximately $ 577 million US Dollars and 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. The LLDPE uses the license from Ineos Technologies and the scope of work includes a Polymers Tank Farm. The two plants are located in Pengerang, southern Johor, Malaysia. 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.

Samsung Engineering 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, President and CEO of Samsung Engineering said, “We have successfully worked and completed projects for the client hand in hand in Malaysia, Vietnam and Thailand.” He added, “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.”

With its successful track record of 14 world-class EO/EG plants, four of which were based on Shell Global’s technology, and its know-how in LLDPE plants acquired in India, Egypt and UAE, Samsung Engineering is positive about delivering safe and efficient plants in Malaysia for PETRONAS.