Samsung Engineering awarded 1.2 trillion won methanol plant order in Malaysia

Samsung Engineering Co. has received a letter of intent for a 1.2 trillion-won methanol plant order from Malaysian petrochemical company, Sarawak PetChem.

Under the deal, Samsung Engineering will build the plant, which will have a daily capacity of 5,000 tons of methanol, in Bintulu, Sarawak by 2023.

The plant's design would be based on Air Liquide E&C's Lurgi MegaMethanol technology.

Samsung Engineering, which won the contract from Sarawak Petrochem for front-end engineering design (FEED) in April 2019, entered into a partnership with Air Liquide E&C to carry out the FEED study for the project.

Sarawak Petrochem awarded the first Early Work contract to Sarawak Petrochem in November 2019.

Samsung Engineering, an industrial plant affiliate of Samsung Group, has obtained about 9 trillion won worth of plant orders so far this year, comprising 86 percent of its annual target of 10.5 trillion won.

The engineering firm currently has a 17 trillion-won order backlog.