DL E&C announced on November 17 that it has taken a Final Investment Decision (FID) on the Golden Triangle Polymers Plant Project.
DL E&C said the project is expected to serve as a bridgehead for its first petrochemical plant construction in the U.S. to advance into the US market.
The total construction amount is about 1.6 trillion won ($ 1.26 billion), and DL USA, the US local corporation of DL E&C, is jointly performed with Zachry Industrial, a US construction company.
DL USA's order amount is approximately KRW 660 billion, and it is in charge of design and purchase of major equipment and materials. Local construction and material procurement will be handled by Zachry Industrial.
The construction site is located in Orange County, on the border of Texas and Louisiana, USA, 180 kilometers east of Houston.
This project is being pursued by Golden Triangle Polymers Project, a joint venture between Chevron Phillips Chemical and Qatar Energy.
DL E&C has been recognized for its technological prowess and ability to carry out business by carrying out a number of projects conducted by Chevron Phillips Chemical.
The Golden Triangle Polymers Project aims to start construction in 2022 and commercial operation within 2026. It consists of two polyethylene production units with an annual capacity of 1 million tons. It is the world's largest production scale per unit.
“This project is the first petrochemical plant that DL E&C has won in the United States," said Yoo Jae-ho, head of plant business at DL E&C. "By succeeding in this project, DL E&C will accelerate our penetration into the US market.”
