Samsung wins Abu Dhabi carbon black and delayed coker plant contract
South Korean construction firm Samsung Engineering has won a $2.48bn contract from the Abu Dhabi Oil Refining Company (Takreer) to build a carbon black and delayed coker (CBDC) plant.
The CBDC plant, to be built at Takreer's chemical refining complex in Ruwais, Abu Dhabi, will have a capacity to produce 40,000tpa of carbon black and 30,000 barrels a day of crude oil.
Under the terms of the contract, project management services for the engineering, procurement, construction and commissioning processes will be provided by Samsung on a lump-sum turnkey basis.
Carbon black, made from burning hydrocarbons in insufficient air, is a fine carbon powder used as a pigment in automobile tires, inks, coatings and plastics.
Thermal decomposition of heavier crude oil fractions by delayed coker process, maintained under elevated temperatures and pressure conditions, will produce a mixture of lighter oils and petroleum coke. The CBDC plant is expected to be completed by December 2015.
Park Ki-Seok, Samsung Engineering president and CEO, said the award solidifies the company's project management and engineering expertise, as well as collaboration with Takreer.
"We look forward to executing this landmark project to the highest standards," Ki-Seok said.