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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.