22 August 2012 17:41 [Source: ICIS news]
LONDON (ICIS)--Egyptian fertilizer producer MOPCO reached an agreement with local residents on 16 August to resume production at its ammonia/urea complex in ?xml:namespace>
The company has begun the process of restarting the plant following a shutdown which lasted nine months, it added.
There were no details available on when commercial production and export shipments will resume from the plant, but the company expects to provide more information soon.
MOPCO shut the 660,000 tonne/year granular urea plant on 13 November 2011 because of protests by locals which said the plant was an environmental hazard and was harming their health and damaging the marine ecosystem.
In March this year, an Egyptian court ruled in MOPCO’s favour, ordering operations to resume immediately. However, the company was unable to restart work until a settlement was reached with local residents.
It is likely the bulk of the production from the plant may be directed to the local market in coming months, and export shipments will be allowed later, although confirmation of this was not available.
Canadian fertilizer major Agrium holds a 26% stake in MOPCO.
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