2 weeks Ago By Lee Jun-sung
Samsung E&A is pivoting towards the sustainable plant sector, intensifying its commitment to green technologies. The company announced that it secured an impressive 14.4 trillion won in orders last year, marking its highest performance in the energy sector to date.
This expansive growth highlights Samsung E&A's strategic focus on eco-friendly projects, including initiatives in green hydrogen and bioplastics. In a significant milestone, Samsung E&A won an 8 trillion won contract for the Fadhili gas plant project in Saudi Arabia, which exemplifies the company's ability to manage large-scale international projects. In addition, the firm secured a contract worth 1.
4 trillion won for a bio-refinery in Malaysia, underscoring its commitment to environmentally sustainable practices in the energy sector. On April 14, the company signed a crucial Pre-EPC contract with Emirates Biotech in the UAE for a facility focused on biodegradable plastic production. By utilizing polyactic acid (PLA), derived from renewable resources like corn and sugarcane, this project aims to produce plastics that decompose naturally, aligning with global trends towards reducing plastic waste.
Strengthening its foothold in the green hydrogen market, Samsung E&A acquired a 9.1% stake in Norwegian hydrogen company Nel for approximately 47.6 billion won.
The partnership aims to develop advanced solutions for hydrogen production, with both companies focusing on integrating electrolyzers that are essential for producing green hydrogen. Nel is recognized for its innovative technology leveraging renewable energy sources, enabling a shift towards sustainable hydrogen production. In a recent market assessment, the Korea Energy Agency noted that new electrolyzer technologies could significantly decrease the cost of green hydrogen production.
Different methodologies, mentioned as alkaline, polymer electrolyte membrane (PEM), and solid oxide (SOEC) electrolyzers, offer varying efficiencies and costs, impacting market competitiveness. Additionally, last month, Samsung E&A secured a major EPC contract worth 2.4788 trillion won with ADNOC in the UAE, focused on a methanol production facility expected to yield 5,000 tons of methanol daily.
This project emphasizes Samsung E&A's growing influence in the regional plant EPC sector. Furthermore, the company is exploring projects in Southeast Asia, including plans to produce green hydrogen and ammonia using renewable hydropower in the Sarawak region of Malaysia. Samsung E&A is committed to sustainability as part of its operational ethos, aligning with global climate initiatives.
The company aims to lead in developing low-carbon and zero-carbon technologies, establishing itself as an industry leader that tackles social and environmental challenges through technological innovation..
