SNT Energy said on the 21st that its subsidiary in Saudi Arabia, SNT Gulf for Industry (hereafter SNT Gulf), signed a contract to supply air cooled condensers with local petrochemical corporations SABIC (Saudi Basic Industries Corporation).
The contract is worth $23 million (about 32 billion won) and runs from Aug. 20 to March 31, 2027. SNT Energy plans to deliver the air cooled condensers in a single batch on March 30 next year.
An air cooled condenser is equipment for petrochemical plants. The equipment is expected to be used to restore SABIC's OLEFIN plant in the Jubail area of Saudi Arabia. The plant has been shut down after being hit by a drone attack by Iran's Islamic Revolutionary Guard Corps in April during the war between the United States and Iran.
SNT Gulf plans to manufacture and supply the air cooled condensers at its own production plant in Dammam, Saudi Arabia. By maximizing the use of local production facilities rather than procuring products from overseas, the company expects to supply the products needed to repair and replace the damaged facilities quickly.
An SNT Energy official said, "This contract is a project to quickly restore petrochemical plant facilities in the damaged Jubail area of Saudi Arabia, and SNT Gulf's local production and supply capabilities in Saudi Arabia will be actively utilized," adding, "In particular, it is meaningful that we can respond in line with the restoration schedule by manufacturing and supplying products directly from the local plant in Dammam."
The official added, "We understand that several facilities among oil, gas and petrochemical plants in the Middle East have been damaged," and said, "If reconstruction in the affected areas gets underway in earnest, we expect a series of orders for the replacement and repair of damaged facilities."