OCI awards $60m ammonia storage tanks IFCo deal to Matrix Services

28 February 2013 11:55  [Source: ICIS news]

LONDON (ICIS)--A multi-million dollar construction contract for ammonia and urea ammonium nitrate (UAN) storage tanks at Iowa Fertilizer Company’s (IFCo) new $1.4bn nitrogen fertilizer plant in the US Corn Belt has been awarded to Matrix Service Inc, Dutch parent OCI NV said on Thursday.

The contract, which is worth at least $60m (€45.6m) and involves a commitment to the use of local labour and suppliers, requires the engineering, fabrication, and erection of the tank structures for two double containment ammonia storage tanks and three UAN storage tanks on the Greenfield site at Wever, Iowa.

Scheduled to commence production in mid-2015, the plant will produce up to 2m tonnes/year of nitrogen fertilizers, including ammonia, urea, and UAN, as well as diesel exhaust fluid.

"This award represents the fourth in a series of IFCo contracts awarded to engineering and construction companies, with a sizeable Iowa labour component, over the past four months," Amsterdam-headquartered OCI NV said in a statement, adding the plant's engineering, procurement and construction contractor is the OCI Construction Group.

"During the fourth quarter of 2012, the Weitz Company, a Des Moines-based general contractor, was awarded the civil works package; Stanley Consultants, a Muscatine-based consulting engineering firm, was awarded the engineering package for balance of plant, buildings and utilities; and McAninch Corporation, a Des Moines-based earthmoving contractor, was awarded the earthworks package."

Osama Bishai, COO of the OCI Construction Group, said: “Both OCI NV and Matrix Service Inc are committed to maximising job creation in the state of Iowa and this construction contract award is a testament to that commitment. The ammonia storage tank package award is a key milestone in the construction schedule of the project."

($1 = €0.76)

By: Richard Ewing
+44 208 652 3214

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