The Saudi Arabian Oil Co. and TotalEnergies are constructing the Amiral petrochemicals complex in Jubail, and Hyundai Engineering & Construction of South Korea has been awarded a $5 billion contract for it. The engineering, procurement, and construction contract for a mixed feed cracker and utility system with an installed capacity of 1,650 kilotons of ethylene and associated industrial gases per year has been awarded to Hyundai E&C.
The scope of work includes integrating systems, flaring, and building utilities that support the facility. The agreement is a component of the EPC contracts for the $11 billion Amiral project that the energy titans intend to construct at the Saudi Aramco Total Refining and Petrochemical Co. refinery on the east coast of the Kingdom.
The agreement will increase energy cooperation between the two nations, according to South Korean Land Minister Won Hee-ryong, who was present at the contract signing ceremony in Saudi Arabia. The project's building work is slated to start in 2023, while its commercial operation is slated to begin in 2027.
The minister stated that this is the largest order for plant construction that a South Korean company has received in the Kingdom. Yonhap News Agency cited presidential spokesperson Lee Do-woon as saying that South Korean President Yoon Suk Yeol also praised the Amiral project and stated that it will assist to enhance the bilateral relationship.
Saudi Aramco and Hyundai E&C signed a contract earlier in March to jointly build the $7 billion Shaheen project in Ulsan, South Korea. In accordance with the contract, Hyundai E&C is in charge of the Shaheen project and will collaborate on the building process with its major subsidiary Hyundai Engineering, Lotte E&C, and DL E&C.
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