Samsung wins USD 1 billion Ruwais fertilizer plant order
Monday, 02 Nov 2009
Trade Arabia reported that Samsung Engineering has won USD 1.2 billion fertilizer plant project order from Fertil a subsidiary of Abu Dhabi National Oil Company.
Fertil-2 will be located in Ruwais, 250 kilometers west of Abu Dhabi. The facility will produce ammonia and urea with a production capacity of 2,000 and 3,500 MTPD respectively which is slated for production in January 2013.
Samsung will execute this engineering, procurement, construction and commissioning project on a lump sum turn key basis, utilizing its expertise gained from the execution of the Phu My fertilizer plant in Vietnam and the current Maaden Ammonia project in Saudi Arabia.
A company said in a statement that through the Fertil-2 project, Samsung Engineering was able to reconfirm its solid partnership with Uhde, known as the most advanced ammonia licensor in the world.
Mr Yeon Joo Jung president and CEO of Samsung Engineering said that “Samsung Engineering currently has established the project execution capacity of USD 10 billion and will continuously increase its capabilities based on the company’s long term plan.”
He added that the company already has USD 5 billion in new overseas orders till October 2009. It is expected to reach its annual goal of 7 trillion KRW of new orders and is set to continue its annual average growth of 30% by diversifying its products, customers and market.
