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World News and Views :: Projects
Snamprogetti, Hyundai Bag Qafco’s Fifth Fertilizer Plant
12:03 PM MST | November 20, 2007 | Ian Young
Qatar Fertiliser Co. (Qafco) has signed a letter of intent with a consortium of Snamprogetti and Hyundai for construction of Qafco’s previously announced fifth fertilizer complex at Mesaieed, Qatar. The complex, dubbed Qafco-5, will cost an estimated $3.2 billion. Industries Qatar (Doha) owns 75% of Qafco, and Yara International holds the rest. Enger: Investment costs are higher than before. Snamprogetti and Hyundai will build two ammonia plants with a combined capacity of 4,600 m.t./day and a urea plant with capacity for 3,850 m.t./day, under the terms of...
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