Friday 31 March 2023
Last update on Friday, March 31, 2023 At 4:40 PM
Egypt has several competitive advantages such as the abundance of natural gas and significant phosphate resources for the production of fertilizers.
In Egypt, President Abdel Fattah Al-Sissi proceeded on March 15 to the inauguration of a complex of fertilizer production plants in the city of Ain Sokhna located in the governorate of Suez.
The new infrastructure, whose construction work lasted 4 years, is being built by the agro-industrial group El-Nasr Company for Intermediate Chemicals (NCIC) in collaboration with the German engineering group ThyssenKrupp AG and the Egyptian company Petrojet. It is made up of 6 plants with a combined production capacity of 1.7 million tonnes of phosphate, potassium and nitrogen fertilizers per year.
The complex will notably supply 400,000 tonnes of ammonia, 300,000 tonnes of liquid urea, 300,000 tonnes of granulated urea, 200,000 tonnes of ammonium nitrate and 300,000 tonnes of calcium ammonium.
According to the officials, production from the factories will mainly be devoted to meeting demand in the domestic market while surpluses will be shipped to the international market.
The launch of this new industrial complex comes in a context where the authorities wish to derive $4 billion from fertilizer exports this year against $3.4 billion in 2022.
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