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Samsung Engg to build ethylene plant for ONGC Petro, India

24
Dec '08
Samsung Engineering in consortium with Linde (Germany) has been awarded by ONGC Petro addition Ltd (OPaL) a new engineering, procurement, construction & commissioning contract for a naptha and gas dual feed ethylene cracker unit and associated units plant worth approximately 1.43 billion USD (Samsung Engineering at 0.96 billion USD and Linde at 0.47 billion USD).

The plant will be the largest and the first naptha and gas as dual-feed ethylene project in India, constructed to produce 1,100,000 tons of ethylene and 340,000 tons of propylene per year.

Scheduled to be completed during the end of 2012, this lump sum turnkey project will be located in the Special Economic Zone Notified Area in Dahej, Gujarat.

President and CEO Mr. Yeon-Joo Jung said in response to this milestone order, "In just two years, SEI has grown to 330 members and will continue to expand to 1,000 members by 2010.

Our people have shown strong commitment to innovating new quality-proof and time-saving technologies, accumulating experience, most importantly collaborating with clients to execute projects successfully. Such expertise and efforts were recognized in July of 2008, when our company successfully completed another ethylene plant in the Middle East with a capacity of over 1 million ton, finishing approximately 1-2 months ahead of schedule.

This continued growth of Samsung Engineering along with Samsung Engineering India gives me confidence in our company's path to being a top EPC player."

“I promise Samsung Engineering will be a trusted partner, constantly expanding the value of our clients and shareholders. The highly capable professionals at Samsung Engineering headquarters and Samsung Engineering India office are putting their best efforts in exceeding the expectations of our clients," said President and CEO Mr. Jung.

This contract from OPaL is notable for Samsung Engineering because it is the biggest plant contract in the hydrocarbon sector in India. In addition, the new award highlights the expansion of Samsung Engineering's overseas business with the addition of another major client to its portfolio.

Samsung Engg


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