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Hyundai Heavy Wins $58M LPG Storage Tank Deal in Nigeria

LPG Storage Tank
Hyundai Heavy Industries has received an order from Nigeria to deliver 15 units of LPG storage tank, which are similar to cylindrical tanks delivered to Abu Dhabi Gas Industries’ complex in Habshan in May 2011

Hyundai Heavy Industries Co., the world’s largest shipbuilder by sales, succeeded in winning a US$58 million (63 billion won) deal in Nigeria.

The company said on Feb. 22 that it has received an order from Nigeria’s Dangote Oil Refining Company (DORC) to deliver 15 units of liquefied petroleum gas (LPG) storage tank that can contain 75,000 cubic meters of gas in total.

The 15 gas cylinders, each with a diameter of 8 meters and a height of 95 meters, will be installed at Dangote Oil Reining’s refining and petrochemical plant near Lagos in southwestern Nigeria.

The Korean company plans to start to build the tanks in May and supply the first batch in April 2019.

Hyundai Heavy Industries landed the latest deal after it successfully completed the construction of a residue fluid catalytic cracking unit (RFCC) for the petroleum refining process that it bagged in 2016 from the same Nigerian company.

The Original Posted by Jung Min-hee/Business Korea