Daewoo Engineering & Construction Co., Ltd. said it received a letter of award for a fourth fertilizer line in Nigeria, advancing an expansion that would add 1.4 million metric tons of installed annual urea capacity.
The African Development Bank places the proposed line at Indorama’s existing Eleme complex in Rivers State, near Port Harcourt. Its project description puts daily capacity at 4,000 metric tons of granular urea and 2,300 metric tons of ammonia. The bank projects that the complex’s installed annual urea capacity would rise from about 4.2 million to 5.6 million metric tons.
Daewoo said the construction contract is worth about 350 billion won ($261 million), The Korea Herald reported Wednesday. Indorama Fertilizer Free Zone Enterprise (IF FZE), Indorama’s Nigerian subsidiary, issued the letter of award, and Daewoo E&C is slated to serve as prime contractor, according to the company.
At the complex, Daewoo built Indorama’s first three fertilizer lines and supporting plants for feedstock processing and power generation. The company linked the latest award to that relationship and to early operating milestones on the third line.
Daewoo said it completed the third line on schedule May 30, 2026. Several earlier operating milestones had been reached ahead of schedule.
The South Korean builder says it has carried out 75 projects in Nigeria worth a combined $10.8 billion since entering the country in 1983. Across Africa, it counts about 290 projects in 11 countries, beginning with work in Sudan in 1977.
Daewoo is also the preferred bidder for a gas-processing plant in Papua New Guinea. For a Mozambique LNG project, its consortium has received a letter of intent covering preliminary work. Daewoo says a final engineering and construction contract for the Mozambique project is planned after an investment decision.
