India, Egypt to discuss ammonia-urea JV

27 February 2007 15:45  [Source: ICIS news]

LONDON (ICIS news)--India's Department of Fertilizers (DOF) will send a delegation to Egypt to discuss a proposed ammonia-urea joint venture project, local Indian press reports said on Tuesday.

 

The planned joint venture is between Indian government-owned Fertilizers and Chemicals Travancore (FACT) and Syria-based Adi Establishment.

 

Sources at the DOF were reported as saying that there should be discussions between both the Indian and Egyptian governments regarding gas supply to the proposed plant on a long term basis.

 

So far, discussions are not thought to have yielded any positive results, the sources added.

 

The renewed efforts are on account of a recent visit to Egypt by a team from the joint DOF-FACT Engineering and Design Organisation (FEDO), which did not result in the signing of the proposed Memorandum of Understanding (MoU) as had been expected.

 

Egypt is viewed as an attractive possibility for a new ammonia-urea plant due to the country’s huge natural gas reserves.

 

Reports have suggested that the ammonia plant would have a 400,000 to 600,000 tonnes/year capacity and the urea unit 700,000 to 1m tonnes/year.

 

The initial feasibility report prepared by FACT estimated the cost of the plant would be around Indian rupees (Rs) 25bn ($567m), of which FACT would contribute around Rs3bn.

 

($1 = Rs44.1)

By: Rebecca Clarke
+44 20 8652 3214

< previous article(ICIS Podcast: Chemical News Central 2 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly