SAMSUNG ENGINEERING & CONSTRUCION I UAE I SAUDI ARABIA
About Samsung Engineering & Construction
was founded as the first engineering firm in Korea in 1970 and has its headquarters in Seoul, South Korea. As an Engineering, Procurement and Construction (EPC) Company, it provides a full range of engineering services including feasibility studies, design, procurement, construction, and commissioning. The Company has substantial business in over 38 countries worldwide, with an established presence in countries such as Saudi Arabia, United Arab Emirates, Algeria, India, Thailand, Trinidad & Tobago, and Mexico.
Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, announced today, that it signed around $4 billion USD contract for the Thai Oil Public Company Limited’s (Thai Oil) Clean Fuel Project (CFP) in Thailand. The order was received with Petrofac Limited (Petrofac) as leader and Saipem S.p.A. (Saipem) as consortium partner.
Samsung Engineering’s share for this project is around $1.1 billion USD. The project objective is to produce higher quality transportation fuel, lower feedstock cost and also to expand capacity of the largest refinery project in Sriracha, Thailand.
The project will increase daily crude throughput from 275,000 barrels to 400,000 barrels. Major new process units include Crude Distillation Unit (CDU), Vacuum Distillation Unit (VDU), Hydrocracker Unit (HCU) as well as a Residue Hydrocracker Unit (RHCU). Further, the scope of work includes improvements and expansion on the existing facility and provision of the utilities and supportive facilities to this project. The project is expected to be completed over a period of approximately four years.
With this order, Samsung Engineering has expanded its business relationship with Thai Oil and strengthened the base of the Thai market. Samsung Engineering has been actively engaging and providing their services to Thailand since entering the market in 1991. Thai Oil’s CFP will be the 24th project Samsung Engineering will deliver to Thailand.
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