Qatar Samsung E&A signs a contract worth USD 480 million with Ras Laffan Petrochemicals to make Ethylene Storage Plant

Samsung E&A, recognized as a comprehensive solutions provider within the global energy sector, has signed a $215 million contract with Ras Laffan Petrochemicals for the development of the Qatar RLP Ethylene Storage Plant. The total contract value stands at $418 million, with Samsung E&A’s portion amounting to $215 million. This project will be conducted as a joint venture with CTCI of Taiwan, extending over a period of 34 months. Ras Laffan Petrochemicals, the client for this project, is a collaborative initiative involving Qatar’s state-owned Qatar Energy and a subsidiary of Chevron Phillips Chemical Company.

The project’s core objective is the construction of advanced ethylene storage facilities and essential utility infrastructure within an industrial complex located 80 km north of Doha, Qatar's capital. These facilities are designed to store ethylene to maintain consistent supply during maintenance and repair operations, ensuring plant operations remain smooth even in emergencies. Samsung E&A has been entrusted with the comprehensive engineering, procurement, and construction (EPC) for the project, which includes critical equipment such as approximately 30,000 metric-ton storage tanks, compressors, and pumps.

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This contract aligns with the ongoing RLP ethylene project, which was awarded to Samsung E&A in 2023 and is already underway at the same site. Hong Namkoong, President and CEO of Samsung E&A, highlighted the importance of this venture, stating that their strategic link with Ras Laffan Petrochemicals would bolster their standing in the Qatari market. He expressed confidence that their history of strong performance and commitment to innovation would ensure successful project execution and deepen their market presence in Qatar.