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SK E&C Jointly Wins US$3.6 B. Contract for Petrochemical Plant in Egypt
Petrochemical Project in Egypt
SK E&C Jointly Wins US$3.6 B. Contract for Petrochemical Plant in Egypt
  • By matthew
  • December 19, 2013, 11:18
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SK E&C CEO Choi Gwang-chul (second from right) poses with the Egyptian Foreign Minister (third from right) and Carbon Holdings’ Chairman (far left) at SK’s headquarters in Seoul on December 17.
SK E&C CEO Choi Gwang-chul (second from right) poses with the Egyptian Foreign Minister (third from right) and Carbon Holdings’ Chairman (far left) at SK’s headquarters in Seoul on December 17.

 

SK Engineering & Construction (SK E&C) announced that it obtained an order worth US$3.6 billion from Egypt-based Carbon Holdings to build a petrochemical plant in Tahrir, Egypt as part of a consortium with its German partner Linde. 

The Korean builder will be in charge of the construction of a facility worth US$900 million that produces polyethylene. It will also be involved in the design, procurement, and construction of the facility, together with basic design, sharing of an ownership stake, and financing.