Samsung Engineering, South Korea announced in a statement that it has signed a contract with China National Chemical Engineering & Construction Corporation Seven, Ltd., a state-owned construction company in China (CC7) for the design and procurement work of the Baltic Ethane Cracker Project in Russia.
The project was initiated by Russia’s Baltic Chemical Complex LLC. (BCC) signed an EPC contract with CC7. Samsung Engineering will carry out design and procurement work.
The contract value is about 1 billion euros (about 1.37 trillion won), and the contract work is planned to be completed by 2024.
This project is a project to install 2 units of ethane crackers in the Ust-Luga area, located 110 km southwest of St. Petersburg, Russia.
When the project is completed, it will produce about 2.8 million tons of ethylene per year. Ust-Luga is one of Russia’s major port cities located in the Gulf of Finland, and the largest gas and chemical complex in Russia is planned to be built.
Russia is an energy-rich country with the world’s largest resource reserves, such as natural gas and oil, and is steadily placing orders for large-scale plant construction.
Samsung Engineering plans to actively apply the innovative results of project execution, such as design automation and equipment selection, to the project, and maximize efficiency and productivity by utilizing the experience of project execution in neighboring regions such as Uzbekistan and Azerbaijan, statement mentioned.