The total contract amount of the venture is about US $418 million
Samsung E&A, a total solutions provider for the worldwide energy industry, introduced that it signed a contract with Ras Laffan Petrochemicals (RLP) of Qatar for the Qatar RLP ethylene storage plant.
Samsung E&A plans to execute this venture as a joint venture with CTCI of Taiwan. The total contract amount of the project is ready US $418 million, with Samsung E&A’s share being about US $215 million, and the contract period is estimated to be 34 months.
The consumer, Ras Laffan Petrochemicals, is a joint venture between Qatar Energy, Qatar’s state run energy enterprise, and a subsidiary of Chevron Phillips Chemical Company.
The venture scope of work is to construct ethylene storage facilities and utility infrastructure at an commercial complex in Ras Laffan, 80 kilometers north of Doha, Qatar’s capital. It is placed within the identical complex as the RLP ethylene venture awarded to Samsung E&A in 2023 and is currently under execution. Its motive is to store ethylene during the plant’s preservation and repair intervals, making sure availability in case of an emergency.
Samsung E&A is responsible for the engineering, procurement, and construction (EPC) of key device, which includes 30,000 metric ton storage tanks, compressors, and pumps. Samsung E&A secured the venture order for the ethylene storage facility, diagnosed for of its remarkable execution abilities demonstrated at some point of the delivery of the RLP ethylene venture.
Hong Namkoong, President and CEO of Samsung E&A stated, “As we’ve got secured a linked order with Ras Laffan Petrochemicals, we will correctly carry out the venture primarily based on our overall performance experience and innovation strategy and strengthen our position within the Qatari market.”
