France's Krebs & Compagnie and Italy's Snamprogetti have submitted bids for a turnkey contract to build a fertiliser complex at Port Qasim. The client is the local Fauji Fertiliser Company.
Work will involve engineering, procuring and installing a urea and diammonium phosphate (DAP) plant, Pakistan's first. The complex will produce 1,670 tonnes a day (t/d) of urea and 1,350 t/d of DAP. The project will also involve a second-hand ammonia plant for feedstock production, which is to be moved to Port Qasim from the US. Other installations will include power generation, a water treatment plant and storage tanks. The total project cost is estimated at $400 million.
Bidders submitted financing proposals as part of their offers. Fauji is understood to have approached the International Finance Corporation, the World Bank's private-sector promotion arm, and the Asian Development Bank for loans.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.