Daelim has announced recently that it won a USD 825 million (KRW 944.9 billion) ammonia production plant construction project ordered by Saudi Arabia’s Ma’aden together with its local subsidiary, Daelim Saudi Arabia. This project involves building a large-scale petrochemical plant that can produce 3,300 tons of ammonia a day using natural gas as raw material.

Daelim plans to implement this project in lump sum turnkey mode wherein it is responsible for engineering, materials procurement, and construction. The project site is located in Ras Al Khair, about 80km away north from Saudi’s eastern city, Jubail. The construction period is 39 months, and the project is slated to be completed in September 2016.

This project is implemented as one of the projects to build the mining and petrochemical production complex in the Ras Al Khair region and Umm Wu’al region, Saudi Arabia’s northwestern border area. Widely known as a factor essential in chemical fertilizer production, ammonia has been recently hailed as a high value-added petrochemical product since it is diversely used for the manufacture of refrigerant and medical supplies as well as for metal surface treatment.

Ammonia production is a process requiring high-quality technology and strict safety level, and only a small number of companies worldwide have experience in building such plant. Having won this project, Daelim will be implementing 13 projects worth USD 8 billion in Saudi Arabia.

According to Daelim President Lee Chul-gyun, their project performing capability has been recognized once more by winning this project, ordered by one of Saudi Arabia’s Ma’aden, a major client, following Aramco and Sabic. He expects this project to be an opportunity to solidify the company’s status in the petrochemical plant field through successful product diversification.