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 metric tonnes per annum (MTPA) using Kellogg Brown & Root (KBR) technology as well as two urea plants with a combined annual capacity of 2.6 million MTPA using Stamicarbon BV and thyssenkrupp Uhde Fertilizer Technology GmbH technologies, and a carbon capture unit utilising Shell Global Solutions International BV 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 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 Sabic unit's urea production capacity will increase from 4.8 million to 7.4 million MTPA, a 54% rise compared to current levels. This will enhance the company’s ability to meet global demand and capitalise on growth opportunities in target markets.
In addition, the project integrates advanced carbon capture and emissions-intensity reduction technologies into its operations, helping to lower product carbon footprints and supporting the company’s sustainability and carbon neutrality goals, while strengthening its position as a global competitor in delivering low-carbon industrial solutions.
On the deal, CEO Fahad Al Battar said: "The project represents a key pillar of the Sabic AN’s 2040 growth strategy and contributes to achieving its sustainability and carbon neutrality targets. Through this expansion project, we aim to secure reliable and sustainable supplies for our customers, maximise value for our shareholders, contribute to realizing the goals of Saudi Vision 2030, and support global food security."
The commissioning of the plants is likely to take place in Q3 of 2030, thus paving the way for the start of commercial production the next quarter.-TradeArabia News Service