# Dongsung Finetek signs KRW 90B LNG carrier insulation supply LOI with Hanwha Ocean

Dongsung Finetek, a subsidiary of Dongsung Chemical, signed a Letter of Intent with Hanwha Ocean to supply NO96 LO3+ type insulation materials for LNG carriers, valued at approximately KRW 90 billion. Supply will run until 2027.

- Type: Contract
- Announced: 2024-02-22
- Where: South Korea
- Value: $67.0M (90.0B KRW)
- Status: announced
- Products: NO96 LO3+ type LNG carrier insulation materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Dongsung Finetek](https://endata.com/companies/75789.md)
- [Hanwha Ocean](https://endata.com/companies/3338.md) (customer)

## Sources

- [energy-news.co.kr](https://www.energy-news.co.kr/news/articleView.html?idxno=200537), 2024-02-22: "동성화인텍은 2027년까지 NO96 LO3+ 타입 보냉재를 제작해 한화오션에 공급하기로 했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.