08 February 2012 17:59 [Source: ICIS news]
However, Canadian fertilizer major Agrium, which holds a 26% stake in MOPCO, said it is “optimistic the facility will be allowed to re-open in 2012, given its strong environmental performance” and its contribution to the Egyptian economy.
A government-appointed independent Egyptian scientific review panel had recently “reconfirmed” MOPCO’s environmental performance, Agrium said.
Wilson added with the shutdown, the Egyptian government, which controls MOPCO, is losing "hundreds of millions of dollars" in revenues.
"We are hoping that the Egyptian government will uphold the law, and all the [MOPCO] operations will restart in the not so distant future," he said.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|