Samsung E&A has secured a contract worth $475 million (680 billion won) to build a low-carbon ammonia production plant in the United States, marking its first-ever project in the emerging clean ammonia sector.
The South Korean engineering and construction company said Thursday that it signed an engineering, procurement and fabrication (EPF) agreement with Wabash Valley Resources, a U.S.-based energy developer. The contract period is 30 months.
Under the project, Samsung E&A will construct an eco-friendly facility in West Terre Haute, Indiana, capable of producing 500,000 tons of ammonia per year while capturing 1.67 million tons of carbon dioxide annually. The ammonia will primarily be used as fertilizer across the U.S. Midwest agricultural region.
Samsung E&A said the project is a national-level initiative, backed by both the U.S. Department of Energy (DOE) and South Korea’s Ministry of Land, Infrastructure and Transport and Ministry of Climate, Energy and Environment, with official approval granted for permanent carbon storage in the U.S.
“This contract represents a successful reentry into the U.S. market,” the company said in a statement. “We plan to leverage this project as a springboard to expand our presence in the North American plant sector.”
By Byung-yeon Yoo
yooby@hankyung.com
