Samsung E&A's Sustainable Growth in Green Technologies: A Strategic Focus
Key Ideas
  • Samsung E&A achieved a record 14.4 trillion won in orders, showcasing a strong commitment to green technologies in the energy sector.
  • Notable projects include contracts for a gas plant in Saudi Arabia, a bio-refinery in Malaysia, and a biodegradable plastic facility in the UAE.
  • The company invested in Nel, a Norwegian hydrogen company, to advance green hydrogen production and electrolyzer technologies.
  • Market trends suggest the decreasing cost of green hydrogen production, with different electrolyzer technologies offering varying efficiencies and costs.
Samsung E&A is making significant strides in the sustainable plant sector, with a focus on green technologies. The company's impressive performance in securing orders highlights its dedication to eco-friendly projects, including ventures in green hydrogen and bioplastics. Noteworthy projects include a Fadhili gas plant contract in Saudi Arabia and a bio-refinery agreement in Malaysia, demonstrating a commitment to environmentally sustainable practices. Samsung E&A's partnership with Emirates Biotech in the UAE for a biodegradable plastic production facility signifies a move towards reducing plastic waste using renewable resources. Furthermore, the acquisition of a stake in Nel, a Norwegian hydrogen company, aims to drive advancements in green hydrogen production using innovative electrolyzer technology. The company's involvement in projects like a major EPC contract with ADNOC in the UAE for a methanol production facility and exploration of green hydrogen and ammonia production in Southeast Asia solidify its position as an industry leader in the green technology sector. Samsung E&A's dedication to sustainability aligns with global climate initiatives, positioning it as a key player in developing low-carbon and zero-carbon technologies to address environmental challenges through innovation.
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