Dyno Nobel announces entry into non-binding MOU with Saudi Chemical Company Limited for development of ammonium nitrate plant in Saudi Arabia

Dyno Nobel, Saudi Chemical Company and a Saudi investment company announce entry into non-binding MOU for development of ammonium nitrate plant in Saudi Arabia

Incitec Pivot Limited’s Dyno Nobel will partner with Saudi Chemical Company Limited (SCCL) to investigate the development and operation of a technical ammonium nitrate plant in Saudi Arabia.

Under a non-binding Memorandum of Understanding (MOU) entered into between the parties last month, Dyno Nobel will provide a range of expertise to assist the development and operation of the Kingdom of Saudi Arabia’s first ever Technical Ammonium Nitrate (TAN) Plant.

Dyno Nobel brings to the partnership global expertise in developing and operating plants across three continents and world class project management and manufacturing skills.

Dyno Nobel will support the project’s Front End Engineering Design (FEED) and project services for the development of the 300,000 MTPA TAN plant in Ras Al-Khair, Eastern Province of Saudi Arabia.

A key part of the MOU is the future establishment of a Joint Venture with SCCL and the investment company for construction and operation of the plant. The Joint Venture would supply TAN and nitric acid to Saudi regional mining and industrial users and enable Dyno Nobel to supply TAN to its international mining customer base.

Dyno Nobel Asia Pacific President Greg Hayne said: “We are very pleased to partner on developing this exciting project which provides significant potential for the development of the Middle East’s mining industry.”

“Our team’s technical knowledge and TAN expertise is an excellent fit and a key advantage for the project.”

“The project also aligns with our long-term strategy to grow our global footprint and further expand our manufacturing operations and sales in the broader Europe, Middle East and Africa (EMEA) region.”

Incitec Pivot Limited Chief Technology Development Officer Rob Rounsley said: “This partnership aligns with our EMEA blasting technology strategy to support surface and underground mining, civil tunnelling, quarrying, and general construction across the Saudi and EMEA mining sectors.”

About Incitec Pivot Limited

An Australian listed ASX 100 Company, IPL had its origins in Europe and North America in the 19th century and Australia early last century. It is now a global leader in the resources and agricultural sectors with an unrelenting focus on Zero Harm. With a diverse leadership, we add value for our customers through manufacturing excellence, leading technology solutions, innovation and world class services focused on our customers.

Through Dyno Nobel, we play a critical role in releasing the worlds natural resources, so we can build infrastructure and generate the energy we need to live in a modern world today. And with population growth, through Incitec Pivot Fertilisers’ 100-year heritage in Australian agriculture, we play an important role in enabling sustainable food production to meet the rapidly rising demand for food around the world.

About Dyno Nobel (a business of Incitec Pivot Limited):

Dyno Nobel is a subsidiary of Incitec Pivot Limited ABN 42 004 080 264 (ASX:IPL). Dyno Nobel has customers in the mining, quarry, construction, pipeline and geophysical exploration industries.

The company operates in Australia, Canada, the United States, France, Africa, Indonesia, Mexico, South America, Papua New Guinea and Turkey. Dyno Nobel manufactures a full line of commercial explosives, including ammonium nitrate, bulk explosives, packaged emulsions, dynamite, detonators (electric, nonelectric and electronic), cast boosters, and detonating cord, as well as surface and underground loading systems and Portable Modular Emulsion Plants. The company also offers services, including blast design, shot loading, shot service, vibration control, airblast, flyrock and NOx reduction, through DynoConsult, a specialist consulting division of Dyno Nobel. Please visit www.dynonobel.com for more information.

 

For more information:

Media
Michael Bennett 
Corporate Affairs
Mobile: +61 412 901 2290 
E: michael.bennett@incitecpivot.com.au