# Daewoo E&C wins 162.4B KRW contract for TKG Huchems chemical plant in Yeosu

Daewoo E&C won a 162.4 billion KRW EPC contract from TKG Huchems to build a new nitric acid (400,000 tons/year) and mononitrobenzene (300,000 tons/year) plant in Yeosu, South Korea. The first phase completion is set for July 31, 2023.

- Type: Contract
- Announced: 2022-04-04
- Where: Yeosu, Jeollanam-do, South Korea
- Value: $134.0M (162.4B KRW)
- Status: announced
- Capacity: 400,000 tons/year nitric acid, 300,000 tons/year mononitrobenzene
- Products: nitric acid, mononitrobenzene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Daewoo E&C](https://endata.com/companies/15564.md)
- [TKG Huchems](https://endata.com/companies/62068.md) (customer)

## Sources

- [wowtv.co.kr](https://www.wowtv.co.kr/NewsCenter/News/Read?articleId=A202204040050), 2022-04-04: "Through this project, we will accumulate experience in handling high-pressure and corrosive material processes, which will serve as a stepping stone for Daewoo E&C to emerge as a leader in the precision chemical plant EPC sector."
- [asiae.co.kr](https://www.asiae.co.kr/en/article/2022040409585614532), 2022-04-04: "Through this project, we will accumulate experience in handling high-pressure and corrosive material processes, which will serve as a stepping stone for Daewoo E&C to emerge as a leader in the precision chemical plant EPC sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.