SAMSUNG E&A, a total solutions provider for the global energy industry, announced the signing of a contract with Ras Laffan Petrochemicals (RLP) of Qatar for the construction of the Qatar RLP Ethylene Storage Plant.
The agreement was finalized on November 14, 2024.
Joint Venture
SAMSUNG E&A will execute the project in collaboration with CTCI, a Taiwanese engineering firm, forming a joint venture to handle the project.
The total value of the contract is approximately $418 million, with SAMSUNG E&A’s share amounting to $215 million.
The contract is expected to be completed over thirty-four months.
Project Scope and Location
The primary scope of the project involves building ethylene storage facilities and utility infrastructure (U&O) at the Ras Laffan industrial complex, located 80 kilometers north of Doha, Qatar’s capital.
The facility will store ethylene during plant maintenance and repair periods, ensuring continuous availability for emergency needs.
The new storage plant will be located within the same complex as the RLP ethylene project, which SAMSUNG E&A was awarded in 2023 and is currently executing.
Key Responsibilities
As part of the project, SAMSUNG E&A will take responsibility for the engineering, procurement, and construction (EPC) of key infrastructure.
This includes the installation of 30,000-metric-ton storage tanks, compressors, and pumps.
These facilities will play a crucial role in maintaining uninterrupted ethylene supply, particularly during maintenance downtime.
Execution Capabilities
The awarding of this contract went to SAMSUNG E&A due to its proven track record in executing complex projects.
The company’s exceptional performance in delivering the RLP ethylene project in 2023 contributed significantly to securing this linked order.
The project will also leverage on-site resources, maximizing efficiency and reinforcing SAMSUNG E&A’s strong partnership with CTCI.
Commitment to Innovation
Hong Namkoong, President and CEO, SAMSUNG E&A stated, “By securing this linked order with Ras Laffan Petrochemicals, we will successfully execute the project and strengthen our position in the Qatari market based on our extensive experience and strategic approach”.
