DL E&C Secures First U.S. Plant Project Worth 1.6 Trillion Won

Location map of the Golden Triangle Polymers project site in the United States. The site is located in Orange County, 180 km east of Houston, Texas.

[Asia Economy Reporter Kim Min-young] DL E&C announced on the 17th that it has received the Final Investment Decision (FID) for the Golden Triangle Polymers project from the client. This project marks DL E&C's first petrochemical plant construction contract in the United States and is expected to serve as a foothold for its entry into the U.S. market.

The total construction cost is approximately KRW 1.67 trillion (USD 1.26 billion), and DL E&C's local subsidiary in the U.S., DL USA (100% owned by DL E&C), will jointly execute the project with the American construction company Zachry Industrial. DL USA's contract value is about KRW 660 billion, responsible for design and procurement of major equipment. Local construction and bulk material procurement will be handled by Zachry Industrial. The site is located in Orange County, on the border between Texas and Louisiana, about 180 km east of Houston.

This project is being promoted by Golden Triangle Polymers, a joint venture between Chevron Phillips Chemical in the U.S. and QatarEnergy.

The Golden Triangle Polymers project began construction in 2022 and aims for commercial operation by 2026. It consists of two polyethylene production units with an annual capacity of 1 million tons each, making it the largest production scale per unit in the world. DL E&C plans to apply advanced technologies such as modular construction and BIM (Building Information Modeling) to provide optimized solutions for this project and ensure successful execution.

Yoo Jae-ho, Head of DL E&C's Plant Business Division, said, "This project is significant as DL E&C's first petrochemical plant contract in the U.S. Based on this project, we will reaffirm our high technical capabilities and project execution skills to establish a foothold for targeting the U.S. market."

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