Ma’aden un­veils third phos­phate mega project

Refining & Petrochemicals Middle East - - NEWS -

The Saudi Ara­bian Min­ing Com­pany (Ma’aden) has awarded Dae­lim the $892mn en­gi­neer­ing, pro­cure­ment and con­struc­tion con­tract to build the first plant in the com­pany’s third large-scale phos­phate com­plex (Phos­phate 3). The com­plex will in­crease Ma’aden’s phos­phate pro­duc­tion ca­pac­ity to nine mil­lion tonnes, se­cur­ing the Saudi Ara­bia’s global po­si­tion as a top phos­phate pro­ducer and ex­porter.

Dar­ren Davis, pres­i­dent and CEO of Ma’aden, and Heon Jae Yim, Dae­lim SEVP and CEO, signed the EPC con­tract at the Ma’aden head­quar­ters in Riyadh to build a new am­mo­nia plant in Ras Al-khair on the east­ern coast of Saudi Ara­bia.

“To­day’s an­nounce­ment is the next step in se­cur­ing Ma’aden’s lead­er­ship po­si­tion in the global phos­phate fer­tiliser mar­ket,” Davis said.

Dar­ren Davis (cen­tre), pres­i­dent and CEO of Ma’aden, and Heon Jae Yim (right), Dae­lim SEVP and CEO, signed the EPC con­tract at the Ma’aden head­quar­ters in Riyadh.

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