Daelim
Competing in Kuwait
Daelim is another South Korean contractor breaking into our roster this year on the back of strong performance by their core Engineering & Construction and Petrochemical divisions.
The 72 year old firm has boosted staff numbers from 4,800 to c.6,000 in the last two years, with services covering gas, petroleum refining, chemical and petrochemical, power and energy plants, building and housing, civil works, and industrial facilities. The firm is also developing its value-added products business.
Daelim is South Korea’s fifth-largest EPC contractor, and its increasing profile is the result of several major contract wins in 2010, including two out of the seven contracts awarded by Saudi Aramco for the 400,000 barrel per day Yanbu Export Refinery.
Daelim are to build a gasoline unit and a hydrocracker at the mammoth plant for an undisclosed amount.
In September 2010 Daelim finally signed a long-awaited $893 million EPC contract with Kuwait National Petroleum Company for the LPG TRAIN-4 Gas Pipeline Project at the Mina Al Ahmadi refinery complex south of Kuwait City.
In addition to the 850 million cubic feet per day gas pipeline, Daelim will build gas plants which are able to produce ethane, propane and butane by treating about 805 MMSCFD gases and 106.3 MBPD condensates.
The Seoul-based company has not always got its way, losing out in January 2010 to Taiwanese firm CTCI for a major amines plant for Saudi Kayan Petrochemical Co.
This was despite being the favorite to win the contract, having won the associated low density polyethylene project at the same site. Nevertheless Daelim goes from strength to strength in the GCC.
