February 23, 2018 [Pulse] - South Korea’s largest shipbuilder Hyundai Heavy Industries Co. has bagged a $58 million deal to build liquefied petroleum gas (LPG) storage tanks for a refining and petrochemical plant in Nigeria.
Hyundai Heavy Industries said on Thursday it won an order from Nigeria’s Dangote Oil Refining Co. to deliver 15 units of liquefied petroleum gas storage tank that can contain 75,000 cubic meters of gas in total. The 15 gas cylinders, each with a diameter of 8 meters and a height of 95 meters, will be installed at Dangote Oil Reining’s refining and petrochemical plant near Lagos in southwestern Nigeria.
The Korean company plans to start to build the tanks in May and supply the first batch in April 2019.
Hyundai Heavy Industries landed the latest deal after it successfully completed the construction of a residue fluid catalytic cracking unit (RFCC) for the petroleum refining process that it bagged in 2016 from the same Nigerian company.
The Korean company expects demand for RFCC and other large-sized plant facilities like storage tanks would steadily increase due to stricter environmental regulations.
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