Lifeco shuts Marsa el-Brega urea unit on Libya unrest - Yara

21 February 2011 14:22  [Source: ICIS news]

LONDON (ICIS)--Libyan Norwegian Fertiliser Co (Lifeco) has shut down its urea unit at Marsa el-Brega in Libya amid anti-government unrest in the country, Lifeco stakeholder Yara said on Monday.

“It has been decided to close production in Libya as a precautionary measure,” said Yara spokesman Bernhard Stormyr.

Norway-based fertilizer major Yara has a 50% stake in Lifeco as part of a joint venture established in February 2009.

“The decision to close was taken yesterday (20 February), so production is now being taken down. When to start up production again has not been decided. This is a matter we will consider together with our local partner,” said Stormyr.

Lifeco is understood to produce a total of 2,200 tonnes/day of ammonia and 2,750 tonnes/day of urea.

Much of Lifeco’s urea output is sold into Mediterranean markets such as Turkey, Italy and Spain.

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By: Carl Roache
+44 20 8652 3214

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