How to build a Sulfuric and Phosphoric Acids Complex (photos of JIFCO em February 2013)

JIFCO - Eshidiya - Jordan

Project Highlights

Plant
1500 TPD of (P2O5) Phosphoric Acid and 4500 TPD Sulphuric Acid and related facilities at Eshidiya, Jordan.

Capital Cost
The Project Capital Cost is estimated at USD 671 million.

Funding
Debt : Equity Ratio 50:50. Equity contribution by sponsorers USD 335.5 Million, Loans USD 335.5 Million from International Financial Corporation (IFC) and European Investment Bank (EIB)

Equity
IFFCO and its affiliates 52% and JPMC 48%.

Loan Disbursement
The Financial Closure for the project is achieved and the first disbursal of 80 Million USD was made by the Senior Lenders on 23rd November 2011.

Effective date of start of Construction Activities
14th October, 2010.

Scheduled Completion of the Project
July, 2013.

Fluor Wins Contract for New Ma’aden Phosphate Project in Saudi Arabia New Contract for PMC Services at New Umm Wu’al Site

IRVING, Texas & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the company was awarded a new project by Saudi Arabian Mining Company (Ma’aden). Fluor’s scope of work is to provide project management consulting (PMC) services related to the development of the Umm Wu’al greenfield phosphate project and related facilities in northern Saudi Arabia. Fluor will book approximately $200 million related to the contract in the fourth quarter of 2012. The project kick-off was commemorated at a contract signing ceremony held on December 1 in Saudi Arabia where Ma’aden representatives, local dignitaries and Fluor senior executives were present including Chairman & Chief Executive Officer David Seaton. Fluor’s scopes of work on the Umm Wu’al project will include the following areas: provide overall PMC services for the development of the Umm Wu’al phosphate project; supervise and manage the feasibility study including the development of basic design packages which is undertaken by FEED contractor; manage the development, strategy, and tendering of engineering, procurement and construction (EPC) packages; and manage and supervise all EPC contractors during EPC stage until project turnover closeout. “The Middle East has always been an important market for Fluor and we are delighted that our relationship with Ma'aden is expanding with the award of this significant project. We are honored that our client in Saudi Arabia recognizes the value that Fluor brings to a complex project like Umm Wu’al,” said Rick Koumouris, Fluor’s business line lead for Mining & Metals. "We will look forward to working closely with our client and bringing to bear all of the tools in our arsenal - especially our world class safety culture and rigorous processes and procedures - to secure the success of this project.” Fluor will execute the Umm Wu’al project from its offices in Al Khobar, Saudi Arabia with support from other global Fluor locations. The company has set a goal of at least 20 percent local Saudi labor content on the project beginning in year one. Once completed, the Umm Wu’al project will have an annual capacity of 100,000 metric tons per annum (MTPA) of food grade purified phosphoric acid; 90,000 MTPA of industrial grade sodium tripoly phosphate; 250,000 MTPA of animal feed grade dicalum phosphate/monocalcium phosphate; along with 280,000,000 MTPA of phosphate and compound fertilizers. The project will likely leverage much of the existing infrastructure including port, rail and other developments put in place by the Saudi Arabia Government.