Saudi Focus

Samsung E&A secures $3.46bn Sabic EPC work

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Officials at the signing ceremony.

Samsung E&A, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, has secured a major contract worth $3.46 billion from Sabic Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) and a major subsidiary of petrochemical giant Sabic for its integrated industrial complex. 

The project comprises a complex that includes an ammonia plant with an annual production capacity of 1.2 million tonnes per yearusing Kellogg Brown & Root (KBR) technology as well as two urea plants with a combined annual capacity of 2.6 million tonnes per year using Stamicarbon and thyssenkrupp Uhde Fertilizer Technology technologies, and a carbon capture unit utilising Shell Global Solutions International technology.

The project forms a key pillar of Sabic Agri-Nutrients Company’s 2040 strategy, which seeks to boost Saudi Arabia’s position in the global agricultural nutrients export market while supporting global food security and the objectives of the kingdom’s Vision 2030.

This comes following the approval from the Saudi group for the Final Investment Decision (FID) for its seventh major project. 

The go-ahead for the FID came from the company’s Board of Directors last month (September), thus marking a major milestone in the company’s expansion of its agricultural nutrients production capacity.

Once completed, the Sabic unit’s urea production capacity will increase from 4.8 million to 7.4 million tonnes per year, a 54 per cent rise compared to current levels. This will enhance the company’s ability to meet global demand and capitalise on growth opportunities in target markets.