Hyundai wins $58m order to build LPG tanks in Nigeria for Dangote Refining Company

By Ademola Badmus

South Korea’s largest shipbuilder, Hyundai Heavy Industries Co. has bagged a $58 million deal to build liquefied petroleum gas (LPG) storage tanks for a refining and petrochemical plant in Nigeria. The Nigerian company is Dangote Oil Refining Company.

The company disclosed that the order for the deal worth $58 million is to build 15 bullet tanks for storing liquefied petroleum gas (LPG) for the Nigerian company.

It won the order from Dangote Oil Refining Co. to deliver 15 units of liquefied petroleum gas storage tank that can contain 75,000 cubic meters of gas in total. The 15 gas cylinders, each with a diameter of eight meters and a height of 95 meters, will be installed at Dangote Oil refining and petrochemical plant near Lagos in southwestern Nigeria.

They also intends to start building the tanks in May to Nigeria’s Dangote oil refining company, Africa’s largest refinery by supplying the first batch in April 2019.

The Korean company landed the latest deal after it successfully completed the construction of a residue fluid catalytic cracking unit (RFCC) for the petroleum refining process that it bagged in 2016, from the same Nigerian company.

The company manufactures and sells ships, offshore structures, plants, engines, and other products in South Korea and internationally. It offers VLCCs, tankers, product carriers, chemical tankers, containerships, bulk carriers, OBO carriers, RO-Pax and Ro-Ro ships, car carriers, LNG and LPG carriers, drill ships, submarines, destroyers, and frigates, in addition they also provides floating units, such as FPSOs, FLNGs, FPUs, TLPs, and semi-submersible units; fixed platforms, including topsides, jackets and piles, jack-ups, and modules and quarters; pipelines and subsea facilities; offshore installations comprising platforms and pipelines; and land-based modules.