Japan's Toyo awarded contract for Indonesian fertilizer plant

31 March 2011 19:16  [Source: ICIS news]

LONDON (ICIS)--Indonesian producer PT Pupuk Kalimantan Timur (Kaltim) has awarded Japan’s Toyo Engineering and Indonesia’s PT Inti Karya Persada Teknik a joint contract for a fertilizer project in Indonesia, Toyo Engineering said on Thursday.   

The plant will be located in Bontang, East Kalimantan, Indonesia and will have a capacity of 2,700 tonnes/day of ammonia and 3,500 tonnes/day of urea. The companies will collaborate on the engineering, procurement and construction (EPC) phases of the project on a lump-sum turnkey basis.  

The contract is worth $577m (€410m) and construction is expected to take 33 months. No date for the start of construction work was provided.   

News of the award concludes the bidding process which opened in September 2010 and received interest from companies around the world. This will be Kaltim’s fifth fertilizer plant in Indonesia.

($1 = €0.71)

For more on ammonia and urea, visit ICIS pricing fertilizers

By: Lauren Williamson
+44 (0) 20 8652 3214

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