DL E&C Co. Ltd. announced that it has won a contract to participate in a project to build a mega-scale gas chemical plant in Russia. The company announced on January 3, 2022 that it signed a deal to get involved in the Russian Baltic Complex Project.

The value of the contract is KRW 1.6 trillion (about EUR 1.17 billion). The company will take charge of design and equipment procurement. The heart of the project is to construct the polymer plant on a single-line basis in the region of Ust-Luga 110 kilometers southwest of St.

Petersburg. The plant will be capable of producing 3 million tons of polyethylene, 120,000 tons of butane and 50,000 tons of hexane a year. Ust-Luga is one of the major Russian port cities bordering the Gulf of Finland.

A large investment there is now underway to construct Russia's large gas and chemicals complex with the annual capacity of processing 45 billion cubic meters of natural gas into LNG and chemical products.