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4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Engineering Co Ltd    028050   KR7028050003

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Samsung Engineering : Malaysia's Petronas Wins Three EPCC Contracts For Pengerang Petrochemical Plants

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05/11/2016 | 06:01am CEST

The company inked two contracts with a consortium that includes Samsung Engineering Co Ltd, Samsung C%7ET Corp and Samsung Engineering (M) Sdn Bhd for building a linear low-density polyethylene (LLDPE) plant and an ethylene oxide ethylene glycol (EOEG) plant.

The third EPCC contract has been signed with a consortium comprising Tecnimont SpA, Huanqiu Contracting %7E Engineering Corp, Technimonthqc Sdn Bhd and TecnimontHQC S.c.a.r.l for a polypropylene (PP) plant.

Petronas said: "Both consortiums received their respective letter of award from PRPC Polymers Sdn Bhd (for LLDPE and PP) and PRPC Glycols Sdn Bhd (for EOEG), late last year. The three plants are expected to be completed by early 2019."

Upon completion, the LLDPE plant would run with an annual production capacity of 350,000 metric tonnes of LLDPE.

The EOEG plant will have an annual production capacity of 740,000 metric tonnes of Monoethylene Glycol (MEG), while the PP plant will produce 900,000 metric tonnes per annum of homopolymer and copolymer polypropylene.

(c) 2016 GlobalData Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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