Agrium to resume Egypt project construction soon

02 May 2008 15:53  [Source: ICIS news]

TORONTO (ICIS news)--Agrium expects to resume construction work at its $1.2bn EAgrium joint venture nitrogen plant in Egypt soon and was working to overcome local resistance to the project, the Canadian fertilizer major said on Friday. 

 

Construction had been suspended but the company expected to complete the project as planned, it said.

 

The project continued to encounter resistance from residents in Damietta, on the mediterranean coast near the Suez Canal, due to erroneous perceptions over its environmental, health and safety impacts, prompting the local government to request a temporary suspension of construction, Agrium said.

 

Agrium had started an education campaign in the community and was working with Egyptian ministries to ensure their ongoing public support for the facility in dealing with community concerns, it said.

 

“We are optimistic that we will be able to overcome local opposition and resume construction facilities with the cooperation and support of the government of Egypt,” Agrium added.

 

EAgrium was scheduled for completion in 2010 and will comprise two 1,200 tonne/day ammonia plants and two urea plants with production capacities of 1,925 tonnes/day.

 

The project is a joint venture of Agrium and Egyptian Petrochemical Holding Co (Echem), Egyptian Natural Gas Holding Co (Egas) and Egypt Natural Gas Co (GASCO) along with Arab Petroleum Investments Corp (Apricorp).

 

For more on ammonia and urea visit ICIS chemical intelligence


By: Stefan Baumgarten
+1 713 525 2653



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