SAMSUNG E&A wins USD 955 million contract for a biorefinery in Malaysia
SAMSUNG E&A, a complete options supplier for the worldwide vitality trade, introduced at present that it secured the contract for a biorefinery that may have the aptitude to provide Sustainable Aviation Gas (SAF) and different biofuels corresponding to Renewable Diesel / Hydrogenated Vegetable Oil (HVO) to cater to the rising calls for of the worldwide aviation and transportation industries by tapping every associate’s experience. It’s SAMSUNG E&A’s first entry into the SAF market, a brand new enterprise initiative within the period of vitality transition.
SAMSUNG E&A introduced that it had obtained a Letter of Award (LoA) for the EPCC (Engineering, Procurement, Building and Commissioning) work of Bio-Refinery Mission in Malaysia from Enilive S.p.A (“Enilive”), on behalf of a three way partnership consisting of PETRONAS Mobility Lestari Sdn. Bhd. (“PMLSB”), a subsidiary of PETRONAS; Enilive, and Euglena Co., Ltd. (“Euglena”). The EPCC contract, valued at USD 955 million, is focused to be formally signed by the top of January 2025.
This biorefinery will likely be situated inside PETRONAS’ Pengerang Built-in Advanced (PIC), Johor, Malaysia, and upon completion, could have the aptitude to course of about 650,000 tonnes per yr of uncooked supplies to provide SAF, HVO, and bio-naphtha.
The wastes and residue feedstocks for the biorefinery will comprise used vegetable oils, animal fat, waste from the processing of vegetable oils, and different biomass, together with microalgae oils are anticipated to be explored within the mid-term.
SAMSUNG E&A has entered the brand new SAF marketplace for the primary time, with this contract attracting consideration as a next-generation eco-friendly vitality supply as it could possibly considerably cut back carbon emissions.
As a part of the worldwide effort to cut back carbon emissions, main international locations are implementing rules to extend the adoption of SAF. This development is predicted to drive regular development within the SAF market. For example, the European Union will mandate the putting available on the market of not less than 2% SAF blends in aviation gasoline from subsequent yr onwards. Equally, Singapore will introduce a 1% or greater SAF mixing requirement by 2026. Following swimsuit, South Korea plans to introduce necessary SAF mixing from 2027, with gradual growth slated for subsequent years.
SAMSUNG E&A plans to leverage the profound expertise gained from executing greater than ten tasks in Malaysia, with its differentiated applied sciences corresponding to modularization and automation. Moreover, SAMSUNG E&A intends to collaborate intently with the shopper and know-how companions to ship a superb challenge.
Hong Namkoong, President and CEO of SAMSUNG E&A acknowledged,
Since we’re finishing up the challenge in Malaysia, a serious Asian marketplace for us, we count on steady efficiency with our collected expertise and know-how.
“By efficiently finishing up the corporate’s first SAF challenge, we are going to broaden our place within the carbon-neutral, eco-friendly subject sooner or later.”
In the meantime, earlier this yr, SAMSUNG E&A modified its title from SAMSUNG Engineering to replicate the evolving enterprise surroundings of the vitality transition period and its future scalability. Additional, it established a mid-to-long-term core technique of “addressing societal challenges by means of know-how” and is shifting its whole organizational capability to advancing new vitality transition companies corresponding to hydrogen, carbon neutrality, and SAF.
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SAMSUNG E&A wins USD 955 million contract for a biorefinery in Malaysia, supply
