Hyundai wins contract for fertiliser plants

Article by Staff Writer

A CONSORTIUM led by Hyundai Engineering has won a US$5.16bn bid to build fertiliser plants in Kozmino, Russia.

The consortium also includes Japanese engineering firm Toyo and Hyundai Engineering & Construction. Together they will build two ammonia production plants with a combined capacity of 6,700 t/d, two urea plants with combined capacity of 6,100 t/d, and a methanol plant with a capacity of 3,000 t/d.

The deal was signed following a meeting of the President of South Korea, Park Geun-hye and Russian President Vladimir Putin in Vladivostok.

The consortium was selected as a preferred bidder for the plants in September 2014, and was awarded the contract by Russia’s Nakhodka Mineral Fertilizers Factory, a subsidiary of the National Chemical Group.

In May 2014, the consortium – along with LG International – won a US$3bn EPC contract to build Turkmengaz’ gas chemical complex in western Turkmenistan.

Hyundai says the construction of the plants is scheduled to be completed in 62 months.

Article by Staff Writer

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