Sewon ENC Signs 14.9 Billion KRW Heat Exchanger Supply Contract with Azerbaijani State-Owned Enterprise: "First New Year Order News"

[Asia Economy Reporter Hyunseok Yoo] Sewon ENC announced on the 13th that it has signed a supply contract worth 14.9 billion KRW for plant equipment (heat exchangers) with Donghae Industry. This amount corresponds to about 14% of the total sales in 2020.

The heat exchangers supplied this time will be used in the ammonia and urea production facility (AMMONIA AND UREA PLANT PROJECT) underway in Azerbaijan. The project is led by the Azerbaijani state-owned company SOCAR.

The heat exchangers supplied by Sewon ENC will be installed in the process of producing ammonia from natural gas and converting it to ultimately produce urea. They play a role in maintaining the optimal temperature for the chemical reactions.

Azerbaijan, located on the Caspian Sea coast, is a country rich in oil and natural gas reserves. There is steady demand for facility investments to produce various petrochemical raw materials and products using abundant crude oil and natural gas.

A Sewon ENC official said, “SOCAR, the Azerbaijani state oil company, has been a long-term partner,” adding, “Recently, maintenance and replacement of aging equipment at natural gas plants have been ongoing, so additional orders are expected.”

This content was produced with the assistance of AI translation services.