Webuild, Saipem land €2.56bn urea factory contract
22 April 2023Located on the Burrup Peninsula north of Karratha, the Ceres plant owned by Perdaman Chemicals and Fertilisers will be able to produce some two million metric tons of urea a year.
Urea is the most commonly traded nitrogenous fertiliser. The Ceres plant will make it by turning natural gas into ammonia and then into urea.
An outline agreement to build the plant was first announced in May 2022.
In February this year Webuild bought Clough’s assets, including its offices, 1,100 employees, and a €4bn project backlog.
The plant will be the biggest in Australia and one of the biggest in the world.
“Thanks to this contract, Webuild enters a new and promising market segment – urea production – at a time when global demand is growing,” said Webuild chief executive Pietro Salini.
He said the contract win confirmed the strategic value of the Clough acquisition.
Webuild said building the Ceres plant would create 2,000 jobs.
Australia is the second biggest market for Webuild after Italy.
Related
-
ACCIONA Energía reaches an agreement for the sale of wind farm in Peru
1 July 2025
-
EBRD supports Egypt with first private-to-private electricity contracts
1 July 2025
-
Budapest to get its first airport rail link
30 June 2025
-
UK rejects support for $33bn Moroccan subsea renewable energy link
30 June 2025
-
China signs deal for phosphoric acid plant in Egypt
30 June 2025
-
Cimic company to expand Queensland mine for $1.5bn
27 June 2025