Samsung E&A said on the 30th that it won a low-carbon ammonia plant project in the United States.
Samsung E&A said in a filing that it signed a contract with Wabash Valley Resources in the United States for the "U.S. Wabash low-carbon ammonia project EPF (engineering, procurement, fabrication)."
It is the company's first low-carbon ammonia plant order since its founding, with a contract value of about 680 billion won (about $475 million) and a contract period of 30 months.
To be built in West Terre Haute, Indiana, this project is an eco-friendly ammonia facility capable of producing 500,000 tons of ammonia annually and capturing 1.67 million tons of carbon dioxide, and the ammonia produced will be used as fertilizer for farmland in the U.S. Midwest.
In particular, it is a national project with the U.S. Department of Energy (DOE), Korea's Ministry of Land, Infrastructure and Transport, and the Ministry of Climate, Energy and Environment participating in the fund, and it has also received a permit in the United States for permanent carbon dioxide storage.
With this order, Samsung E&A said it secured a new product for the future energy transition and achieved overseas market diversification by successfully reentering the U.S. market after its first entry in 2011. The company previously carried out a chlorine production plant and a MEG (monoethylene glycol) plant in the U.S., and it plans to use this project as a springboard to expand its participation in the U.S. plant market.
A Samsung E&A official said, "Based on the company's mid- to long-term core E&Able strategy, we will successfully execute the project, contribute to achieving the United States' carbon neutrality goals, and solidify our presence in North America."