Daelim Industrial announced on Oct. 23 that the Korean builder won a new ammonia plant project costing US$892 million from Saudi Arabia.
Yim Heon-jae, senior executive vice president and chief executive officer of the Plant Division of Daelim Industrial, and Darren Davis, president of Saudi Arabia's state-run mineral company Ma’aden, signed the new ammonia plant construction contract at Ma’aden’s headquarters on Oct. 22.
The ammonia plant will be built in Ras Al-Khair 80 km north of Jubail in eastern Saudi Arabia. The plant will be capable of producing 3,300 tons of ammonia per day by using natural gas as raw material. Ammonia is a high value-added petrochemical product widely used as a material for refrigerants and medicine among others.
Daelim Industrial will implement the project on an engineering, procurment and construction (EPC) basis where the contractor collectively designs, purchases materials and equipment and constructs the plant. Ground will be broken at the end of this year with the completion of the plant slated for 2021.