Samsung Engineering has won a $1.07bn contract from Sarawak Petchem (Sarawak Petchem) to construct a methanol plant in Sarawak, Malaysia.
Under the contract, the company will build a 5,000 ton-day methanol production facility in Bintulu, Sarawak, eastern Malaysia.
In April 2019, Samsung Engineering was contracted for the front end engineering design (FEED) for the project.
Later, in November that year, the company had also secured the first early work contract for the project.
Samsung Engineering said that it FEED execution has resulting in winning the EPC contract for the plant.
Samsung Engineering’s President & CEO Sungan Choi stated: “We were able to receive this landmark project from Sarawak Petchem, by showing our exceptional engineering capabilities and commitment made during the FEED stage.
“Samsung Engineering has an excellent track record for petrochemical plants and in Malaysia, which will insure optimal project execution, while earning the trust of the client for many future joint projects to come.”
Expected to be completed in late 2023, the methanol plant will utilize Air Liquide’s technology.
The company also expects the contract to provide an opportunity to develop the market in Sarawak, which has large gas reserves in Malaysia.
In October, Samsung Engineering had won a $3.6bn contract for Phase II of the PEMEX Dos Bocas Refinery in Mexico.
In total, the refinery consists of six packages, out of which Samsung Engineering received two packages.
The Package 2 includes Diesel Hydrodesulfurization(DHDT) Unit, Gasoil Hydrodesulfurization(HDS) Unit, Naphtha Hydro-treating(NHT) Unit and Naphtha Reformer and Package 3 which includes Fluid Catalytic Cracking (FCC) Unit.