Adnoc’s fertilizer subsidiary Fertiglobe is considering investing more than $1.5bn in a phosphate fertilizer complex at Ain Sukhna on the Red Sea. As well as its operations in Abu Dhabi, Fertiglobe has sizeable ammonia and urea production facilities in Egypt.
CEO Ahmed El-Hoshy discussed the proposal with Minister of Petroleum Karim Badawi on 18 October. The planned facility would produce 1.3mn tons/year of diammonium phosphate (DAP), with commercial production targeted for 2031. Feasibility studies are underway, with securing long-term phosphate rock supplies among the main outstanding requirements. (CONTINUED - 225 WORDS)