DL E&C has signed a deal to get involved in the Russian Baltic Complex Project. The value of the contract is KRW 1.6 trillion (about EUR 1.17bn). DL E&C will take charge of design and equipment procurement.
The heart of the project is to construct the world’s largest polymer plant on a single-line basis in the region of Ust-Luga 110 km southwest of St. Petersburg. The plant will be capable of producing 3 million tons of polyethylene, 120,000 tons of butane, and 50,000 tons of hexane a year. Ust-Luga is one of the major Russian port cities bordering the Gulf of Finland. A large investment there is now underway to construct Russia’s largest gas and chemicals complex with the annual capacity of processing 45 billion cubic meters of natural gas into LNG and chemical products.
DL E&C gives meaning to winning in the competition against advanced European construction firms to get involved in the largest plant construction project in Russia. Winning the contract in Russia, a big player in the global petrochemical market proves its technological prowess. Now that it has hard-to-beat competitiveness, DL E&C looks forward to winning new contracts in Russia.