Samsung E&A, a total solutions provider for the global energy industry, has announced that its joint venture with Taiwanese group CTCI has secured a major contract from Qatar-based Ras Laffan Petrochemicals for setting up an ethylene storage plant 80 km north of Doha.
Ras Laffan Petrochemicals is a joint venture between Qatar Energy and a subsidiary of Chevron Phillips Chemical Company.
Announcing the big win, Samsung E&A said the total contract amount is about USD 418 mln, with the Korean group’s share being about USD 215 mln.
The scope of work includes building of ethylene storage facilities and utility infrastructure at an industrial complex in Ras Laffan. It is located within the same complex as the RLP ethylene project awarded to Samsung E&A in 2023 and is currently under execution.
As per the deal, Samsung E&A is responsible for the engineering, procurement, and construction (EPC) of key equipment, including 30,000 MT storage tanks, compressors and pumps.
The entire work will be completed within 34 months, he added.
