Samsung Engineering has won a $1.2 billion fertilizer plant project order from Fertil (Ruwais Fertilizer Industries), a subsidiary of Abu Dhabi National Oil Company (Adnoc).

Fertil-2 will be located in Ruwais, 250km 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, utilising its expertise gained from the execution of the Phu My fertilizer plant in Vietnam (2004 completion) and the current Maaden Ammonia project in Saudi Arabia (scheduled to be completed December 2010).

Through the Fertil-2 project, Samsung Engineering was able to re-confirm its solid partnership with Uhde (Germany), known as the most advanced ammonia licensor in the world, said a company statement.

“Samsung Engineering currently has established the project execution capacity of $10 billion and will continuously increase its capabilities based on the company’s long-term plan,” stated Yeon-Joo Jung, president and CEO of Samsung Engineering.

The company already has $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 per cent by diversifying its products, customers and market, he added.-TradeArabia News Service