Skip to main content

Sulphur 418 May-Jun 2025

3 May 2025

Daewoo to build phosphoric acid plant

TURKMENISTAN

Daewoo to build phosphoric acid plant

Daewoo Engineering & Construction has signed a $700 million framework agreement to build a fertilizer plant in Turkmenistan. The agreement was signed in Seoul with Turkmenistan’s state-owned chemical firm, Turkmenhimiya, according to the Turkmen Ministry of Trade, Industry and Energy, noting the Korean firm was named the preferred bidder for the project in October. The project aims to construct a fertilizer plant that will extract phosphoric acid from phosphate rocks and process the substance into 300,000 t/a of annually in eastern Turkmenistan by 2029.

After the agreement signing ceremony, Korean Industry Minister Ahn Duk-geun met with his Turkmen counterpart, Baymyrat Annamammedov, and discussed expanding bilateral cooperation in other industrial plant projects, the ministry said. “Turkmenistan is a key region that we expect to serve as a strategic hub for the construction market in Central Asia,” a Daewoo official said. “We will do our best to explore new markets and diversify our business portfolio.”

Latest in Agricultural

Paradeep plans additional phosphoric acid capacity

Paradeep Phosphates Ltd (PPL) has announced a $400 million capacity expansion program, following its October 13th merger with Mangalore Chemicals & Fertilizers Limited (MCFL). This company says that the move aims to strengthen PPL's market position and enhance its production capabilities. The investment will involve increasing granulation capacity by 1.0 million t/a at the Paradeep site, as well as an additional 250,000 t/a of phosphoric acid and 750,000 t/a of sulphuric acid capacity at the company’s new Mangalore site. The expansion is expected to be completed within three years, according to PPL, and is expected to ensure 100% backward integration for fertilizer production, reduce import dependency, and enhance operational capabilities and profitability. low-contaminant phosphate concentrate that allows for easy conversion into purified phosphoric acid. The company has spent over C$100 million advancing the project and has received funding and investment from the Quebec Government.