A Cooperation Agreement was signed between Cyprus-based Ferkensco Management Ltd., Singapore-based Enter Engineering Pte., and Lugano, Switzerland-based Casale SA, on March 24 to support the construction of a new ammonia and urea plant in Uzbekistan.
According to a statement by Ferkensco, the agreement represents the foundation for future cooperation between the three companies that will bring to life this important complex with an estimated total investment of $500 million. The agreement was signed at the Tashkent International Investment Forum.
Following Casale’s award in 2021 to provide all licenses and front end engineering design for the ammonia, urea, and granulation facilities, and with the support of European funding, Ferkensco said this new agreement confirms Casale as a unique partner and its technology will ensure continuity in the plant’s design development and in the supply of critical equipment.
Casale, supported by the local design institute UzlitiEngineering, has been appointed as General Designer for the project.
Ferkensco and Russia’s Gazprombank inked two cooperation deals to finance the new plant last June (GM June 11, 2021).
The ammonia and urea plant will be built at Yangiyer, in Uzbekistan’s Syrdarya region. On completion, the plant will have capacity to produce up to 495,000 mt/y of ammonia and 594,000 mt/y of granular urea.
The project’s completion is expected to be in the first half of 2025 and the construction of the plant will create more than 500 new jobs locally.