Cooperation agreement for construction of fertilizer plant signed at Tashkent International Investment Forum
Published by Nicholas Woodroof,
The agreement represents the foundation for future cooperation between the three companies, with an estimated total investment of US$500 million.
Casale SA, supported by the local design institute UzlitiEngineering, has been appointed as General Designer for the project.
The construction of the plant for the production of mineral fertilizers based on ammonia will take place in the city of Yangiyer, Syrdarya region of the Republic of Uzbekistan. On completion, the plant will produce up to 495 000 t of ammonia and 594 000 t of granular urea. The project’s completion date is expected to be in 1H25 and the construction of the plant will create more than 500 new jobs locally.
Ferkensco Head of Representative office Timur Juraev said: “We are delighted that our focus on long-term international cooperation with such reliable partners as Casale SA and Enter Engineering is bringing positive results. Today’s agreement is a new milestone in the development of an important project for our country. This modern facility, when completed, will produce highly efficient nitrogen mineral fertilizers, helping Uzbekistan meet domestic demand, and also expand foreign market trade.”
Lorenzo Pennino, Head of the Commercial Division at Casale SA, stated: “We are grateful to have entered into a long-term partnership with Ferkensco Management Limited and thus enhancing our international reach thanks to this collaboration in Uzbekistan. Our goal is to continue leveraging our strengths by providing top quality technical expertise with an unyielding focus on efficiency, reliability, and safety.”
Alfonso Tengco, Authorized Representative of Enter Engineering, said: “This agreement builds on a successful and longstanding relationship between Casale SA and Ferkensco Management Limited in the implementation of this important project. We are proud to be part of this initiative and will leverage our EPC experience and expertise to ensure that Uzbekistan has a modern and efficient plant capable of providing its agricultural sector with high-value fertilizer products.”
Read the article online at: https://www.worldfertilizer.com/project-news/25032022/cooperation-agreement-for-construction-of-fertilizer-plant-signed-at-tashkent-international-investment-forum/
You might also like
Ma’aden emphasises importance of fertilizer industry at IFA conference
The company highlighted the role of the fertilizer industry by addressing global agricultural value chain challenges at the IFA conference in the Czech Republic.