18 Hrs
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المصدر
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Source: المصدر
18 Hrsالمصدر
Source: المصدر
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Vortic Globe, a company within the ADNOCK Group of the United Arab Emirates, discussed with the Egyptian Ministry of Petroleum a plan to establish an integrated complex in Suez for the production of phosphate fertilizers with an investment exceeding $1.5 billion. Commercial production is expected to commence in 2031. The project aims to produce 1.3 million tons annually of diammonium phosphate (DAP) fertilizers, based on maximizing the economic value of Egyptian mineral resources through local manufacturing and the localization of phosphate-related industries. The discussions included evaluating extended sources of phosphate ore, emphasizing the importance of completing technical and economic studies to assess the feasibility, as well as exploring opportunities to localize the production of AdBlue solution, which is used to reduce vehicle emissions. The project focuses on enhancing integration between the mining sector and manufacturing industries, with the goal of supporting increased production and exports, and attracting high-value-added investments.
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