SNT Gulf for Industry, the Saudi Arabian subsidiary of SNT Energy, has reportedly secured a contract worth US$23 million from SABIC (Saudi Basic Industries Corporation) to supply air cooled condensers for the restoration of SABIC’s olefin plant in Jubail, Saudi Arabia.
The SABIC olefin plant is said to have been damaged and forced to shut down amid the recent US-Iran conflict, and this contract is reportedly aimed at fully replacing the compromised air cooled condensers. SNT Energy plans to manufacture the condensers locally at SNT Gulf’s production facility in Dammam, Saudi Arabia, rather than sourcing overseas, in order to accelerate the replacement work, it is reported. The project reportedly relies on SNT Energy’s own heat exchanger design and manufacturing capabilities, with no external process technology licensor involved.
The contract is valued at US$23 million (approximately KRW 32 billion), and it reportedly runs from August 20, 2026 to March 31, 2027. The equipment, manufactured at the Dammam facility, is scheduled to be delivered in a single batch on March 30, 2027, according to the report.
SABIC is one of Saudi Arabia’s leading petrochemical companies, and the Jubail industrial city is known as one of the core hubs of Saudi petrochemical production. SNT Energy reportedly expects additional orders for repair and replacement equipment as reconstruction of oil, gas and petrochemical facilities across the Middle East progresses following this contract.
Implications for Korea’s Industry
The fact that a Korean heat exchanger specialist secured a project to restore conflict-damaged equipment at a major Middle Eastern petrochemical company is seen as an example of domestic plant equipment makers expanding their presence in the overseas maintenance, repair and operations (MRO) market, it is reported.
Attention is focused on whether SABIC’s Jubail olefin plant resumes normal operation after the equipment delivery in March 2027, and whether SNT Energy and other Korean companies secure additional orders as Middle Eastern petrochemical facilities damaged by conflict are rebuilt, it is reported.