Historic Contract for Korea

Historic Contract for Korea

Author: ChemistryViews

Samsung Engineering, Seoul, Korea, has signed a $411-million contract for a chlor-alkali plant with Dow-Mitsui Chlor-Alkali LLC, a joint-venture comprised of The Dow Chemical Co. and Mitsui & Co., Ltd. The chlor-alkali plant will be located in Freeport, TX, USA, and will produce 816,000 t/a of chlorine — it is said to be the world’s largest chlorine production facility.

The lump-sum turn-key contract is for engineering, procurement and construction services (EPC) and is scheduled for mechanical completion by January 2013.

The EPC contract is significant, because Samsung Engineering is the first Korean contractor to enter the US plant market through competitive bidding. It also signifies Samsung Engineering’s strengthening partnership with not only national oil companies (NOCs) but also International Oil Companies (IOCs).

Image:  (C) Samsung Engineering
CEO of Dow-Mitsui Todd A. Prey and President & CEO of Samsung Engineering Park Ki-Seok


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