Dow and Samsung Heavy Industries Join Hands for FLNG Technology Collaboration, Jointly Exploring Business Opportunities

Technology Review and Expertise Sharing from the Early Design Stage
Combining Material and Offshore Plant Capabilities to Uncover Business Opportunities

Dow, a global materials science company, and Samsung Heavy Industries are strengthening their collaboration in the field of future marine projects, including Floating Liquefied Natural Gas (FLNG) production facilities.

Dow and Samsung Heavy Industries have signed a strategic business agreement to cooperate on future marine project ventures. (From left) Min Junho, Executive Director of Marine Engineering Team at Samsung Heavy Industries, and Jin Donga, President and CEO of Dow Korea. Dow Korea

On October 7, Dow announced that it has signed a strategic business agreement (MOU) with Samsung Heavy Industries for cooperation on future marine projects.

This agreement aims to establish a foundation for ongoing technological exchange between the two companies and to seek new business opportunities in future marine projects such as FLNG.

Under the agreement, the two companies will hold joint technical discussions for FLNG development in the future and begin technology reviews from the early design and engineering stages. They also plan to identify Dow's technologies and solutions that can be applied to marine projects and share expertise and industry trends.

Dow possesses process technologies and project experience for the LNG and energy industries, such as the UCARSOL solvent for gas processing and the DOWTHERM heat transfer fluid. Samsung Heavy Industries has capabilities across the entire process from design to construction in the field of offshore plants, including FLNG.

The two companies intend to build a long-term cooperative relationship in LNG and marine energy projects by combining Dow's material and process technologies with Samsung Heavy Industries' design and construction capabilities for offshore plants.

Eddie Dong, Commercial Director for Industrial Intermediates & Infrastructure (II&I) Asia-Pacific at Dow, said, "As global LNG and marine energy projects are becoming larger in scale and more sophisticated, close collaboration between material technology companies and engineering companies from the early stages of projects is becoming increasingly important. We will expand collaboration opportunities by combining Dow's technology and project execution experience with the offshore plant expertise that Samsung Heavy Industries has accumulated."

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