TechnipFMC, as consortium leader with SK E&C, was awarded a contract by Long Son Petrochemical Co. (LSP) for engineering, procurement, construction, and commissioning of a 950,000-tonne/year ethylene plant at LSP's $5.4 billion complex on Long Son Island, Vietnam. TechnipFMC's portion is valued between $500 million and $1 billion.
Samsung Engineering signed a contract with Long Son Petrochemicals to build a 450,000-ton/year HDPE plant and a 400,000-ton/year polypropylene plant in Vung Tau City, Vietnam. The order is valued at 620 billion won ($551 million).
SK E&C and Technip each won a $1 billion contract from Long Son Petrochemical to build an ethylene plant at the Long Son petrochemical complex in Ba Ria-Vung Tau, Vietnam. The total contract value is $2 billion.