Samsung Engineering wins €1B ethane cracker design contract in Russia

Samsung Engineering has signed a contract with China National Chemical Engineering & Construction Corporation Seven (CC7) for design and procurement work on the Baltic Ethane Cracker Project in Ust-Luga, Russia. The project, initiated by Baltic Chemical Complex LLC, involves installing two ethane crackers with a total ethylene capacity of 2.8 million tons per year. The contract is valued at about €1 billion and is planned to be completed by 2024.

“Samsung Engineering announced its first overseas order this year as it entered the Russian market for the first time.”koreaittimes.com

• 1 source
• koreaittimes.comSamsung Engineering wins 1 billion euro petrochemical plant order in Russia - Korea IT TimesLee Jun-sungFeb 9, 2022

Summarized from public sources; check the original articles before acting on it.