17/11/2010 - 15:39

Korean firm wins $2.9bn Collie contract

17/11/2010 - 15:39

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South Korea's GS Engineering and Construction says it has won a $2.96 billion order to build Perdaman Chemicals and Fertilisers Collie urea fertiliser plant.

Korean firm wins $2.9bn Collie contract

South Korea's GS Engineering and Construction has won a $2.96 billion order to build Perdaman Chemicals and Fertilisers Collie urea fertiliser plant.

Under the contract the South Korean firm will build the plant at the Shotts Industrial Complex, 200 kilometres south of Perth.

Construction would begin immediately after the Australian firm completes fund-raising by June next year and would be completed within 42 months, GS said.

The plant will be able to produce two million tonnes of urea per year.

Last month, Perdaman received Commonwealth and State environmental approval for the project which is worth about $3.5 billion.

Last month Perdaman managing director and chairman Vikas Rambal (pictured) told WA Business News, "The Collie Urea Plant has the potential to make Australia a major player in the global urea market."

 

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