Samsung Engineering will build a $1.07bn methanol plant in Malaysia for Sarawak Petchem.
The 5,000 tonnes per day methanol production facility will be located in Bintulu, Sarawak.
Samsung Engineering executed the Sarawak Petchem Methanol Plant Project from a feasibility study, FEED contract, Early Work phase, to a Licensor, Engineering, Procurement, Construction and Commissioning (LEPCC) contract with this latest Letter of Intent (LoI), effective from late January 2021.
The plant will use Air Liquide’s technology and is expected completion in late 2023.
Samsung Engineering’s President and CEO Sungan Choi stated, “We were able to receive this landmark project from Sarawak Petchem, by showing our exceptional engineering capabilities and commitment made during the FEED stage.”
“Samsung Engineering has an excellent track record for petrochemical plants and in Malaysia, which will ensure optimal project execution, while earning the trust of the client for many future joint projects to come.”