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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.”

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Mining licence approved for Ammaroo phosphate project

Austrlai’s Northern Territories Government has approved a mining licence for Verdant Minerals’ Ammaroo phosphate project. The approval follows the granting of two mineral leases in March and represents a critical step towards construction and mining operations at one of the world’s largest phosphate resources. Verdant estimates the value of production over the life of the mine to exceed $15 billion. Verdant says that securing the mining licence puts the project firmly on track to reach a final investment decision and commence construction as early as mid-2027. Located 200 kilometres south-east of Tennant Creek, the Ammaroo phosphate deposit contains more than one billion tonnes of phosphate ore.