Daewoo Engineering & Construction (Daewoo E&C) announced on the 4th that it has received a Letter of Award (LOA) for a fertilizer plant construction project in Nigeria worth approximately KRW 350 billion.

According to Daewoo E&C, the project is the “Indorama Fertilizer Train 4 Project,” ordered by IF FZE, the Nigerian subsidiary of global petrochemical group Indorama.

The project involves the construction of facilities in the Port Harcourt area of Rivers State, Nigeria, capable of producing 2,300 tons of ammonia per day, 4,000 tons of urea, and 4,000 tons of granular urea. Daewoo E&C will serve as the main contractor, and the contract value is approximately KRW 350 billion.

Daewoo E&C previously carried out construction works for Indorama Fertilizer Plants Trains 1 to 3, as well as auxiliary facilities including feedstock reforming units and power generation facilities. With the receipt of the LOA for Train 4, the company has consecutively secured follow-up projects from the same client.

In particular, Train 3, which was completed on 30 May, reportedly achieved its key process targets ahead of the original schedule. Daewoo E&C believes that this construction performance and project management experience had a positive impact on winning the follow-up contract.

Daewoo E&C stated that since entering Nigeria in 1983, it has carried out a total of 75 projects worth about USD 10.8 billion. Across Africa as a whole, starting with the Sudan Guest House project in 1977, it has executed around 290 projects in 11 countries including Libya, Mozambique and Côte d’Ivoire.

The company is also expanding its overseas plant business. According to Daewoo E&C, it has been selected this year as the preferred bidder for the Mozambique liquefied natural gas (LNG) project and the Papua New Guinea gas processing plant project, and is now awaiting the signing of the main contracts.

Daewoo E&C plans to expand its participation in LNG and petrochemical plant projects, focusing on existing overseas business hubs including Nigeria.

A Daewoo E&C official said, “The receipt of this LOA is the result of recognition of our technological capabilities and project management competence,” adding, “Based on our accumulated construction experience and local networks, we will actively pursue follow-up projects in overseas markets including Nigeria and the rest of Africa.”

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