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 scope of work includes development of an integrated industrial complex featuring an ammonia plant with a production capacity of 1.2 million metric tons per annum (MTPA), two urea plants with a combined production capacity of 2.6 MTPA and a post-combustion carbon capture unit in addition to associated infrastructure and facilities.
Work is set to kick off in the fourth quarter and the project commissioning targeted for the third quarter of 2030 over a four-month period.
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 Saudi 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 yesterday (September 9), thus marking a major milestone in the company’s expansion of its agricultural nutrients production capacity.
Once completed, the project is expected to increase Sabic Agri-Nutrients' total urea production capacity from 4.8 MTPA to 7.4 MTPA, up 54% over current production capacity, it added.