Hyundai Engineering has received a letter of award (LOA) from Longson Petrochemical to build facilities at the Longson petrochemical complex in Vietnam. The deal is worth US$320 million (368.4 billion won). Under the deal, the builder will construct infrastructure, such as supportive boilers and water treatment facilities, to produce steam and industrial water for the complex in Long Son Island in Vung Tau. Industrial water and steam produced at the water treatment facilities and supportive boilers will be supplied to the petrochemical complex according to needs. It is the core project to help plants at the complex operate smoothly.
The project will be carried out on a turnkey basis, meaning Hyundai Engineering will be responsible for the entire construction from designing to test operation. The company estimated the construction to take 47 months to complete after groundbreaking.