Korean firm scoops $1.1bn green diesel deal

07 January 2008

South Korea’s GS Engineering & Construction has received a letter of award for the $1.14bn contract to build a green diesel plant at Ruwais for Abu Dhabi Oil Refining Company (Takreer).

GS was widely expected to win the lump-sum engineering, procurement and construction contract after submitting the lowest bid for the work last year, beating competition from its compatriot SK Engineering & Construction and Spain’s TR (MEED 7:12:07).

The contract covers the construction of a 37,000-barrel-a-day (b/d) hydrocracker and a 42,000-b/d sulphur hydrocracker unit, and the revamping of the existing gas oil hydrotreater.

The scheme is the second phase of a wider project to produce more low-sulphur gas oil. The US’ Mustang Engineering is the front-end engineering and design contractor. The project management consultant is Australia’s WorleyParsons.

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