Samsung Secures Major Contract with Qatar RLP for Ethylene Storage Plant

Samsung E&A, a global leader in energy solutions, announced today that it has secured a significant contract with Ras Laffan Petrochemicals (RLP) of Qatar for the construction of an ethylene storage plant. The contract, signed on November 14, 2024, is valued at approximately $418 million, with SAMSUNG E&A's share amounting to around $215 million.

The project is expected to span 34 months and will involve the construction of ethylene storage facilities and utility infrastructure (U&O) at an industrial complex in Ras Laffan, Qatar. The facility will serve as a critical storage solution for ethylene during plant maintenance and repair periods, ensuring uninterrupted supply and addressing potential emergencies.

Samsung E&A will execute this project in partnership with CTCI of Taiwan. The company's extensive experience in executing complex energy projects, coupled with its strong track record in Qatar, positions it well to deliver this project efficiently and to the highest standards.

Hong Namkoong, President and CEO of Samsung E&A, expressed his enthusiasm about the new contract, stating, "We are delighted to have secured this linked order with Ras Laffan Petrochemicals. By leveraging our proven performance and innovative approach, we are confident in our ability to successfully execute this project and further solidify our presence in the Qatari market."

This latest contract win underscores Samsung E&A's commitment to providing cutting-edge energy solutions and its ability to secure major projects in strategic markets. The company's focus on operational excellence, technological innovation, and strong client relationships will be instrumental in the successful delivery of this project.

Samsung Engineering is a leading global engineering, procurement, and construction (EPC) company that provides integrated solutions for a wide range of industries. Founded in 1970, the company is part of the Samsung Group, one of the world’s largest and most diversified conglomerates.

Samsung Engineering specializes in providing comprehensive EPC services for various sectors including oil and gas, petrochemicals, power, water, and infrastructure. The company is known for its expertise in designing, building, and maintaining large-scale projects across the globe. It offers services spanning the entire project lifecycle, from feasibility studies to design, procurement, construction, and post-construction maintenance.

The company has delivered numerous high-profile projects in diverse regions, demonstrating its capacity to manage complex engineering challenges and large, multi-disciplinary teams. With a focus on sustainability, Samsung Engineering integrates innovative technologies to reduce environmental impacts and increase the efficiency of its projects.

Samsung Engineering’s operational presence extends across the Middle East, Asia, and beyond, with a strong commitment to safety, quality, and customer satisfaction.