South Korea's Daewoo E&C is seeking to build the largest blue-ammonia production facility in the region, i.e. by processing natural gas in the territory of Balkan region of Turkmenistan, the company reports.
A deal-signing could take place before the year-end. Turkmenistan will be able to export low-carbon energy to European countries, the press release said.
"Turkmenistan has vast natural gas reserves. We will be able to help maximize the country’s potential based on our experience in building fertilizer plants in Morocco, Nigeria and Algeria".
The Turkmenistan government reportedly asked the Korean builder to join the construction of highways, water treatment and desalination plants and the new smart city of Arkadag.
Daryo previously wrote that Daewoo E&C Chairman Jung Won-ju recently held talks in Ashgabat with President Serdar Berdimuhamedov.
Turkmenistan, rich in gas, has in recent years actively embarked on economic diversification, aiming to move towards the production of high value-added goods.
In 2019, near Ashgabat, Japanese companies launched a plant near Owadan Depe, the only one in the world that commercially converts natural gas into Euro-5 gasoline.
Credits: Eziz Boyarov