Samsung Engineering secures FEED contract for Saudi petrochemical project

By Shilpa Annie Joseph, Official Reporter
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Petrochemical Project
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Samsung Engineering, a world-leading engineering solutions and project management company, has received the NoA (Notice of Award) for the FEED (Front End Engineering Design) contract of a PDH, PP, UTOS plant from Alujain National Industrial (LNIC) in Saudi Arabia.

The contract amount is $19.428 million and the FEED work is expected to be carried out in Samsung Engineering’s offices in Seoul, Korea until May 2024. This project will take place at the Yanbu Industrial Complex in Medina Province, western Saudi Arabia.

This project is to carry out basic design for a propane dehydrogenation (PDH) plant with an annual capacity of 600,000 tons, a polypropylene (PP) plant with an annual capacity of 500,000 tons, and Utilities and Offsite (UTOS) required for the plant.

Samsung Engineering said that the key to winning this work was its extensive experience in the PDH, PP field and its competitiveness in the FEED engineering technology market.

As per the statement, “Alujain has expressed its confidence in Samsung Engineering by awarding FEED after previously awarding Samsung Engineering with the Pre-FEED contract. Samsung Engineering plans to successfully carry out and execute this FEED project and has expressed its intent to win the EPC contract once it is released in mid-2024.”

Mr. Hong Namkoong, President and CEO of Samsung Engineering, stated that, “As we are proceeding from the initial Pre-Feed stage to the FEED stage of the project, we are applying all of Samsung Engineering’s innovative technologies.” Further, he added, “Samsung Engineering created a solid business model through its successful implementation of linking FEED to EPC orders, therefore creating another success story for its ‘FEED to EPC’ strategy.”

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