Hyundai Heavy Industries (HHI) received a $1 billion order for a gas treatment plant from Abu Dhabi Gas Liquefaction Co., Ltd (ADGAS) in the UAE.

Under the contract, HHI will reclaim a foreshore and build gas treatment plant in Das Island 170km northwest of Abu Dhabi. The plant will consist of 24 modules with a capacity of 283 million cubic meters (one billion cubic feet) of gas per day.

The plant will send the gas produced in the Umm Shaif gas field to the Habshan onshore plant.

HHI plans to start construction from the end of July 2009, to be completed by September 2013.

“The order is significant in that HHI’s technology and quality are recognized in the offshore and industrial plant. With this order, we expect to take more orders in the Middle East including the UAE and Saudi Arabia as oil prices increase." said a HHI official.

About Hyundai:

Hyundai Heavy Industries (HHI), founded by the late Chung Ju-yung on March 23, 1972, wrote the first chapter of its shipbuilding history in June, 1974, by completing construction of the world's largest shipyard and two 260,000-dwt VLCCs all at the same time. A decade after its first delivery, the Hyundai Shipyard topped 10 million deadweight tons in aggregate ship production, and has maintained the leading position in the world shipbuilding market ever since. Hyundai Shipard's drive has mirrored the growth of modern Korean heavy industry, and its success has allowed it to expand into other heavy industry areas, ultimately leading to the formation of Hyundai Heavy Industries, an integrated heavy industry company.

The latest chapter of HHI's history began when it separated from the Hyundai Group in February, 2002. The independent establishment of the Hyundai Heavy Industries Group included taking over Hyundai Samho Heavy Industries and the Hyundai Mipo Dockyard.

Our vision is to become a "Global Leader" in the heavy industries sector. Three decades ago that vision was only a dream, but after transforming an empty stretch of beach into the world's largest shipyard, that dream has become a reality. Our vision is a vast bridge connecting "reality" and "future" and has ultimately allowed us to lead to our field. This vision is a part of the "Hyundai Spirit": Creative Wisdom, Positive Thinking, and Unwavering Drive.