Samsung E&A announced on the 11th that it has received the Letter of Award for the 'Phoenix Biorefinery Project' from a Malaysian client.

<YONHAP PHOTO-4801> Namgung Hong, President of Samsung E&A, gives the opening remarks at the 2024 Enable Tech Forum. (Seoul=Yonhap News) Namgung Hong, President of Samsung E&A, is giving the opening remarks at the 2024 Enable Tech Forum held at the Samsung E&A Global Engineering Center in Gangdong-gu, Seoul, on Sep. 5. 2024. [Provided by Samsung E&A. Redistribution and database use prohibited] photo@yna.co.kr/2024-09-05 16:29:01

The contract amount is approximately $955 million, and the contract period is 44 months starting from January next year. This project involves the construction of a facility to produce biofuels, including 650,000 tons of sustainable aviation fuel (SAF) and bio naphtha annually.

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