November 15, 2024 [Tanks & Terminals]- Samsung E&A, a total solutions provider for the global energy industry, has announced that it has signed a contract with Ras Laffan Petrochemicals (RLP) of Qatar for the Qatar RLP Ethylene Storage Plant.

Samsung E&A plans to complete this project as a joint venture with CTCI of Taiwan. The total contract amount of the project is approximately US$418 million, with Samsung E&A’s share being approximately US$215 million, and the contract period is estimated to be 34 months. The client, Ras Laffan Petrochemicals, is a joint venture between Qatar Energy, Qatar’s state-run energy company, and a subsidiary of Chevron Phillips Chemical Co. LLC.

The project’s scope of work is to build ethylene storage facilities and utility infrastructure (U&O) at an industrial complex in Ras Laffan, 80 km north of Doha, Qatar’s capital. It is located within the same complex as the RLP ethylene project, awarded to Samsung E&A in 2023, and is currently being completed. The ethylene storage unit is designed to serve as an adaptable solution, acting as a temporary stopover during plant maintenance and repair periods, as well as in emergencies, while allowing flexible handling of ethylene from both upstream and downstream suppliers. Samsung E&A is responsible for the engineering, procurement and construction (EPC) of key equipment, including 30 000 t storage tanks, compressors, and pumps.

Samsung E&A secured the project order for the ethylene storage facility, recognised for of its performance capabilities demonstrated during the delivery of the RLP ethylene project. The project is expected to maximise efficiency by utilising on-site human and material resources and successfully carry out the project based on trust with the client and partnership with CTCI of Taiwan. Hong Namkoong, President and CEO of Samsung E&A said, “As we have secured a linked order with Ras Laffan Petrochemicals, we will successfully carry out the project based on our performance experience and innovation strategy and strengthen our position in the Qatari market.”

Michael Yang, Chairman of CTCI, said, “We appreciate Ras Laffan Petrochemicals’ continued trust in offering this opportunity to our team. We will continue to deliver high-quality engineering and safety management to ensure the project is completed on time and up to standard.”

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data