Under the deal with Russian oil producer Gazprom Neft, DL E&C will build a plant for adding and cracking hydrogen at Gazprom Neft's refinery southeast of Moscow.
Completion is scheduled for the 2nd half of 2024, and the 2-sides plan to seal a formal contract within 3 months, DL E&C announced.
The deal marks DL E&C's 1st overseas contract since the company was renamed from Daelim Industrial Co. on January 1 under its parent's business reorganization plan.
In 2014, the South Korean DL E&C made inroads into Russia in line with its strategy to tap into new overseas construction markets.
Meanwhile, DL E&C also said it has clinched a contract with Swiss fertilizer firm EuroChem to design a mammoth methanol plant to be built in Ust-Luga on the northwestern coast of Russia.