Samsung wins US$2.47 billion carbon black project in Abu Dhabi
Samsung Engineering has won a US$2.47 billion project from the Abu Dhabi Oil Refining Company (TAKREER) to construct a carbon black and delayed coker (CBDC) plant
The CBDC facility will be located at the chemical refining complex in Ruwais, Abu Dhabi.
As per the terms of agreement, Samsung will provide project management services for the engineering, procurement, construction and commissioning processes on a lump-sum turnkey basis.
Samsung Engineering president Park Ki-Seok said, "This award solidifies Samsung Engineering's project management and engineering expertise as well as our strong partnership with TAKREER. We look forward to executing this landmark project to the highest standards."
Carbon black is a fine carbon powder used as a pigment. It is made from burning hydrocarbons in insufficient air.
Delayed coker is a process by which heavier crude oil fractions can be thermally decomposed under conditions of elevated temperatures and pressure to produce a mixture of lighter oils and petroleum coke.
TAKREER's CBDC plant is expected to be completed by December 2015 and would have the capacity to produce 40,000 tonnes of carbon black per year and 30,000 barrels of crude oil per day.
This is the eighth order in five years from the UAE's national oil firm for Samsung.
The Korean engineering company had previously won the Ruwais Refinery Utilities and Offsite package worth US$2.73 billion. It was also chosen as the official interface manager for the US$10 billion Ruwais Refinery expansion.