Daewoo E&C Receives Letter of Award for KRW 350 Billion Nigeria Fertilizer Plant

Indorama Units 1-3 Completed; Unit 4 Award Nears

Daewoo E&C said on November 4 that it had received a Letter of Award (LOA) for a fertilizer plant it will build in Nigeria. The project was commissioned by IF FZE, a local subsidiary of global petrochemical group Indorama, and is the fourth project following the construction of Units 1 through 3 and their ancillary facilities. The contract is valued at approximately KRW 350 billion.

Once the final contract is confirmed, the company will build facilities in Port Harcourt, Rivers State, Nigeria, capable of producing 2,300 tons of ammonia and 4,000 tons each of urea and urea crystals per day. The company said it had been selected as the contractor once again based on its reliable project execution in previous projects and its long-standing relationship with the client. Unit 3, completed in May this year, was finished ahead of schedule, demonstrating the company’s project management capabilities.

A view of Unit 3 of the Indorama fertilizer plant, completed by Daewoo E&C. Photo courtesy of Daewoo E&C.

Daewoo E&C plans to complete the project by drawing on its extensive construction experience and strong local network, built over many years in Nigeria, one of its key markets. Since entering the country in 1983, the company has undertaken 75 projects there, worth a total of $10.8 billion. Across Africa, it has carried out around 290 projects in 11 countries, beginning with Sudan in 1977.

This year, the company was selected as the preferred bidder for the Mozambique LNG project and a gas processing plant in Papua New Guinea, and is preparing to sign the final contracts. A Daewoo E&C official said, "Building on our accumulated know-how and local networks, we will actively seek follow-up projects in Nigeria, across Africa and in global markets, and secure sustainable growth drivers."

This content was produced with the assistance of AI translation services.