SNT Energy Secures 32 Billion Won Saudi Petrochemical Facility Restoration Contract

SNT Energy has secured a supply contract worth approximately 32 billion won for the restoration of petrochemical facilities in Saudi Arabia. The company will use its local manufacturing facilities to directly supply the products required to replace damaged equipment.

On August 21, SNT Energy announced that its Saudi Arabian subsidiary, SNT Gulf for Industry Co., Ltd. (SNT Gulf), signed a contract with Saudi Basic Industries Corporation (SABIC), a leading petrochemical company in Saudi Arabia, to supply Air Cooled Condensers (ACC) valued at around 32 billion won (approximately USD 23 million).

This contract is part of a project to restore damaged equipment at an olefin (OLEFIN) plant in Jubail, Saudi Arabia. The plant suffered damage and was forced to shut down amid the recent US-Iran dispute, leading to full-scale efforts to replace the compromised air cooled condensers.

The contract period runs from August 20, 2026, to March 31, 2027.

SNT Gulf is set to manufacture and supply the Air Cooled Condensers for the project at its own production facility located in Dammam, Saudi Arabia. By utilizing local production facilities instead of sourcing products from overseas, the company aims to promptly supply the equipment needed for restoration work.

SNT Energy expects this contract win to lead to additional orders in the Middle East for restoration projects involving oil, gas, and petrochemical plants.

An SNT Energy official stated, "This contract is for a project to swiftly restore damaged petrochemical plant facilities in the Jubail region of Saudi Arabia, and SNT Gulf's local production and supply capabilities will be fully utilized. By manufacturing and supplying products directly from our Dammam facility, we can respond in line with the restoration work schedule, which is highly significant."

The official also added, "We are aware that there are several oil, gas, and petrochemical plant facilities currently damaged across the Middle East. As restoration efforts in affected areas ramp up, we expect to secure further contracts for the replacement and restoration of damaged equipment."

SNT Gulf.

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