Logo ofSABIC Agri-Nutrients Co. (SABIC AN)
SABIC Agri-Nutrients Co. (SABIC AN) announced that its board of directors approved the final investment decision for its seventh project and awarded the engineering, procurement and construction (EPC) contract to Samsung EA Ltd. for a total value of nearly $3.47 billion. 
In a statement on Tadawul, the company said the project will comprise an industrial complex including an ammonia plant with an annual production capacity of 1.2 million metric tons, two urea plants with a combined annual production capacity of 2.6 million metric tons, as well as a carbon capture unit.
SABIC AN expects construction work to begin in Q4 2026, with commissioning scheduled to start in Q3 2030. The commissioning period will last four months, ahead of the start of commercial production and completion of the project in Q4 2030.
The company said the project is expected to increase its urea production capacity from 4.8 million metric tons per year to 7.4 million metric tons per year, an increase of 54% from current production levels.
It added that the project will enhance the company’s competitiveness and sustainability by integrating advanced carbon capture technologies and reducing emissions intensity across its operations, helping reduce the carbon footprint of its products and supporting the company’s sustainability and net-zero targets.
The project is one of the key pillars of SABIC AN’s 2040 strategy, which aims to strengthen the Kingdom’s position in the agricultural nutrients export market and support global food security, contributing to the objectives of Saudi Vision 2030.
The project’s financial impact will be reflected in the company’s results after completion and the start of commercial operations, the Saudi-listed firm indicated, adding that it will assess financing options, including loans and the company’s cash flows.
There are no related parties and confirmed that it will announce any developments or material events related to the project as they occur.
According to Argaam data, the company received approval from the Ministry of Energy in March to allocate the feedstock required to establish SABIC AN’s seventh plant in Jubail Industrial City, with production capacity equivalent to 1.2 million metric tons per year of conventional ammonia and 2.6 million metric tons per year of urea.
Project Details
Item
Details
Company
SABIC Agri-Nutrients Co.
Project
The company’s seventh project
Decision
Approval of the final investment decision and award of the engineering, procurement and construction contract
Contractor
Samsung EA Ltd.
EPC contract value
Approximately $3.465 billion
Project components
Ammonia plant, two urea plants, carbon capture unit
Ammonia plant capacity
1.2 million metric tons per year
Combined capacity of urea plants
2.6 million metric tons per year
Company’s current urea capacity
4.8 million metric tons per year
Expected capacity after the project
7.4 million metric tons per year
Increase in urea capacity
54%
Expected start of construction
Q4 2026
Expected start of commissioning
Q3 2030
Commissioning period
4 months
Start of commercial production and project completion
Q4 2030
Financial impact
After project completion and the start of commercial operations
Financing options
Loans and the company’s cash flows
Related parties
None
Logo ofSABIC Agri-Nutrients Co. (SABIC AN)
SABIC Agri-Nutrients Co. (SABIC AN) announced that its board of directors approved the final investment decision for its seventh project and awarded the engineering, procurement and construction (EPC) contract to Samsung EA Ltd. for a total value of nearly $3.47 billion.
In a statement on Tadawul, the company said the project will comprise an industrial complex including an ammonia plant with an annual production capacity of 1.2 million metric tons, two urea plants with a combined annual production capacity of 2.6 million metric tons, as well as a carbon capture unit.
SABIC AN expects construction work to begin in Q4 2026, with commissioning scheduled to start in Q3 2030. The commissioning period will last four months, ahead of the start of commercial production and completion of the project in Q4 2030.
The company said the project is expected to increase its urea production capacity from 4.8 million metric tons per year to 7.4 million metric tons per year, an increase of 54% from current production levels.
It added that the project will enhance the company’s competitiveness and sustainability by integrating advanced carbon capture technologies and reducing emissions intensity across its operations, helping reduce the carbon footprint of its products and supporting the company’s sustainability and net-zero targets.
The project is one of the key pillars of SABIC AN’s 2040 strategy, which aims to strengthen the Kingdom’s position in the agricultural nutrients export market and support global food security, contributing to the objectives of Saudi Vision 2030.
The project’s financial impact will be reflected in the company’s results after completion and the start of commercial operations, the Saudi-listed firm indicated, adding that it will assess financing options, including loans and the company’s cash flows.
There are no related parties and confirmed that it will announce any developments or material events related to the project as they occur.
According to Argaam data, the company received approval from the Ministry of Energy in March to allocate the feedstock required to establish SABIC AN’s seventh plant in Jubail Industrial City, with production capacity equivalent to 1.2 million metric tons per year of conventional ammonia and 2.6 million metric tons per year of urea.
Project Details
Item
Details
Company
SABIC Agri-Nutrients Co.
Project
The company’s seventh project
Decision
Approval of the final investment decision and award of the engineering, procurement and construction contract
Contractor
Samsung EA Ltd.
EPC contract value
Approximately $3.465 billion
Project components
Ammonia plant, two urea plants, carbon capture unit
Ammonia plant capacity
1.2 million metric tons per year
Combined capacity of urea plants
2.6 million metric tons per year
Company’s current urea capacity
4.8 million metric tons per year
Expected capacity after the project
7.4 million metric tons per year
Increase in urea capacity
54%
Expected start of construction
Q4 2026
Expected start of commissioning
Q3 2030
Commissioning period
4 months
Start of commercial production and project completion
Q4 2030
Financial impact
After project completion and the start of commercial operations
Financing options
Loans and the company’s cash flows
Related parties
None
