Samsung C&T has scored one other “jackpot” in Qatar. Following its success in profitable Qatar’s largest solar energy undertaking, the corporate has now secured a 1.9 trillion gained (roughly $1.32 billion) contract to construct an enormous carbon compression and transport facility. The corporate plans to additional place itself as a world chief in sustainable power transition.
On Nov. 3, Samsung C&T introduced that it had acquired a letter of award from “Qatar Power LNG” for the carbon compression and transport facility development undertaking. The contract for engineering, procurement, and development (EPC) alone is value 1.91 trillion gained, making it the most important in Qatar and among the many largest of its form globally.
The undertaking might be in-built Ras Laffan Industrial Metropolis, situated 80 kilometers north of Doha, the capital of Qatar. The power will compress and dehydrate 4.1 million tons of carbon dioxide yearly generated from LNG liquefaction vegetation, then transport it by means of a 20-kilometer underground pipeline and completely sequester it within the underground areas of depleted fuel reservoirs. The undertaking is scheduled for completion in 2030. Samsung C&T will solely perform your entire technique of this high-technology undertaking, which requires superior capabilities in carbon dioxide compression and protected transport, together with stress and temperature management. Particularly, the corporate plans to show differentiated competitiveness in undertaking administration by using skilled personnel from earlier Qatar LNG tasks, collaborating with confirmed accomplice companies, and minimizing interference with present amenities inside the industrial advanced.
Samsung C&T has already efficiently accomplished solar energy development tasks in Qatar, totaling 875 MW in Ras Laffan and Mesaieed. In September this yr, the corporate additionally gained Qatar’s largest-ever solar energy undertaking value 1.5 trillion gained. This implies Samsung C&T will solely undertake about 80 p.c of Qatar’s whole solar energy capability. It’s the largest solar energy undertaking ever carried out by a South Korean development firm abroad. Samsung C&T can even perform your entire course of independently, from design to development. The corporate plans to maximise energy technology effectivity by making use of photo voltaic monitoring techniques and putting in inverters that may function reliably even within the high-temperature desert surroundings of the Center East.
With this newest contract, Samsung C&T plans to develop its enterprise not solely in new renewable power areas comparable to solar energy and battery power storage techniques but in addition into the carbon compression and transport discipline, thereby additional strengthening its management as an organization driving the sustainable power transition. Lee Byung-soo, Govt Vice President and Head of International Gross sales at Samsung C&T, mentioned, “Our profitable observe document and the belief constructed by means of delivering a number of large-scale tasks within the Qatari market laid the inspiration for this achievement.” He emphasised, “Alongside our present solar energy enterprise, our success in profitable this mega carbon compression and transport facility undertaking positions us to play a key function in realizing Qatar’s sustainability insurance policies.”
