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Press Release

Hyundai Heavy Completes Gas-To-Liquid Plant in Qatar

Hyundai Heavy Industries, the world's biggest shipbuilder and a leading EPC contractor, completed a key Gas-To-Liquids facility for Pearl GTL Project in Ras Laffan Industrial City, Qatar on November 22.

The USD 2 billion facility is capable of separating, desulfurizing, and refining 1.6 billion cbf of natural gas per day to produce methane feed gas for GTL process and by-products including ethane, propane, and butane. It can also produce 140,000 barrels of ultralow-sulfur diesel, naphtha, LPG, and condensate daily.

The completion ceremony was attended by HH Sheikh Hamad Bin Khalifa Al-Thani, Emir of Qatar; Mr. Min Keh-sik, Chairman of Hyundai Heavy; and Mr. Chun In-soo, COO of Hyundai Heavy's Industrial Plant & Engineering Division.

Hyundai Heavy won this project in 2006 in association with Chiyoda Corporation as part of a USD 20 billion project involving 12 engineering companies.

"When the Pearl GTL plant begins operating at full capacity, it will be able to produce as much as 3% of current global diesel capacity" said an official of Hyundai Heavy.

*Photo: Aerial View of Pearl GTL Project, Qatar


2011-11-22

Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office

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Tel.: +82-52-202-2342
Fax.: +82-52-202-2347
e-mail: hhiopr@hhi.co.kr

Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.

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