Abu Dhabi: In pursuit of its vision 'To be the First Choice Company' producing and supplying environment friendly industrial fertilizers' Fertil and Samsung Engineering Co., Ltd. of Korea signed a contract worth $1.2 billion to construct a fertiliser complex in Ruwais.
The contract was signed on November 23, 2009, at a ceremony, which was attended by Rashid Saud Al Shamsi, Fertil Board Chairman and Adnoc Petrochemicals Director, Fertil Board of Directors, Fertil Management, Samsung and Uhde delegates. Chung Yong-chi, Ambassador of the Republic of Korea, was present at the ceremony.
The contract is to construct ammonia and urea plants at its fertilizer complex in Ruwais, about 250km west of Abu Dhabi City in the UAE. Fertil-2 project shall expand its fertiliser complex production capacity from 0.65 to 2 million tons per year. The Project is slated for completion by the first quarter of 2013.
The new single stream Ammonia plant will have a capacity of 2,000 metric tons per day (MTPD) and the single stream Urea plant a capacity of 3,500 MTPD of granulated Urea. The total capacity of the fertilizer complex increases to 3,300 MTPD of Ammonia and 5,800 MTPD of Urea by the first quarter of 2013.
"This significant investment at our fertiliser complex in Abu Dhabi confirms our commitment to being an important player in the industry," says Fertil's General Manager, Mohamed R. Al Rashid. "We look forward to the synergies that these new plants will bring to our existing operations and to benefiting from the considerable experience of Samsung Engineering, in realizing this project."
K. S. Park, President and CMO of Samsung Engineering said: "Samsung Engineering will demonstrate our excellent project management and technical expertise, by executing the project safely and on schedule. We hope to maintain our long-term partnership with Fertil and Adnoc, and aim to be the contractor of choice for the future client's projects as well."
"Samsung Engineering is proud to be awarded this major project in the UAE and to re-confirm its solid technology partnership with Uhde in Germany", added K. S. Park.
