Fluor Corp. has been awarded a front-end engineering, design and optimization contract by Danakali Limited in Eritrea, East Africa for the Colluli Potash Project following a competitive tendering process initiated and completed in 2016, according to a news release.
Fluor will book the undisclosed contract value in the first quarter of 2017.
“Fluor will provide a highly-qualified design and optimization team with world-class process infrastructure credentials for this important fertilizer project,” said Rick Koumouris, president of Fluor’s mining and metals business, in the release. “In addition to working with Danakali to maximize project capital efficiency during the study and execution phases of this project, Fluor will bring top-notch project financing expertise and assistance to help Danakali advance this project to the next phase.”
According to the release, Colluli is one of the most advanced greenfield sulfate of potash developments in the world and demonstrates outstanding economics including industry leading capital intensity, bottom quartile operating costs, proximity to the coast and key markets, and unrivaled product diversification potential. Sulfate of potash is a high-quality potash fertilizer used for farming crop development and yield maximization around the globe.