samsung ct projects-petropipe

Samsung C&T bags construction contract for EWEC’s Fujairah F3

by with One Comment News

Seoul-based and Korea Exchange-listed (KRX) Samsung C&T has been awarded the $948.5m contract for the construction of the 2.4GW Fujairah F3 combined cycle power plant by Japan’s Marubeni Corporation.

Fujairah F3 is Emirates Water and Electricity Corporation’s (EWEC) thirteenth project to be developed under the independent power producer (IPP) model. The project will be constructed between the existing Fujairah F1 and Fujairah F2 power and water plants.

Earlier this month, Abu Dhabi Power Corporation (ADPower), which is owned by Abu Dhabi Development Holding Company and Japan-based Marubeni Corporation formed a consortium to begin construction works on Fujairah F3.

In a statement, Samsung C&T said that it will carry out work on the project as an exclusive engineering, procurement, and construction (EPC) contractor. The construction phase of the project is expected to complete in April 2023.

The company added that one of the major reasons behind it winning the contract has been its “extensive experience in building many power plants throughout the Middle East”.

Once complete the plant will fulfil power needs of nearly 380,000 homes in the northern region of the UAE.

The government of Abu Dhabi will indirectly own a 60% stake in the project, while the remaining 40% will be owned by Marubeni Corporation.

Source: http://bit.ly/2uvLysY


3q

RIL Plans to Develop Chemical Facility in Ruwais with Adnoc

by with No Comment News

Reliance Industries NSE and Abu Dhabi National Oil Company (ADNOC) have signed a framework agreement to explore the development of an Ethylene Dichloride (EDC) facility in Ruwais, the companies said in a joint statement late Tuesday.

The planned unit will help RIL in procuring EDC, a key raw material used in the manufacturing of a polymer product, Polyvinyl chloride (PVC). PVC products are used in the housing and agriculture sectors, and demand for it, particularly in the Indian vinyl market, is expected to grow.

This is a significant step towards Reliance’s commitment to pursue backward integration and will pave the way for enhancing PVC capacity in India to cater to the fast-growing domestic market. This cooperation ideally combines advantaged feedstock and energy from the UAE with Reliance’s execution capabilities and the growing Indian market,” RIL executive director Nikhil Meswani was quoted as saying in the statement.

RIL will provide the planned joint venture operational expertise and

expertise and entry to the large and growing Indian vinyl market, in which it is a key participant.

ADNOC would supply ethylene to the potential JV and provide access to infrastructure at Ruwais in Abu Dhabi. The pact is part of ADNOC’s strategy to expand the downstream portfolio and international market access by 2030.

As per the pact, ADNOC and RIL will evaluate the potential creation of a facility that manufactures EDC adjacent to ADNOC’s integrated refining and

petrochemical site in Ruwais, Abu Dhabi, and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals.

Source: http://bit.ly/2EcXAZf