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Samsung E&A signs $418 million contract for Qatar RLP ethylene storage plant

Nov 15, 2024•over 1 year ago

Contract Type

contract

SuwonManufacturingElectronics

Description

Samsung E&A, in a joint venture with Taiwan's CTCI, has signed a $418 million Engineering, Procurement and Construction (EPC) contract with Ras Laffan Petrochemicals (RLP) for an ethylene storage facility in Ras Laffan Industrial Complex. The project, expected to be completed within 34 months, involves building storage facilities and utility infrastructure within the same complex as the RLP ethylene project awarded to Samsung E&A in 2023.

Company Information

Company

Samsung Electronics

Location

Suwon, Gyeonggi, South Korea

About

Samsung Electronics is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, medical devices, semiconductors and LED solutions. Samsung is also leading in the Internet of Things space through, among others, our Smart Home and Digital Health initiatives.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.