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Al-Battar: Key to 2040 Plan
SABIC Agricultural Nutrients announced that its Board of Directors has approved an investment of $3.47 billion to build an industrial complex for the production of ammonia and urea in Saudi Arabia. The goal is to support the company's growth strategy through 2040, while enhancing sustainability and achieving carbon neutrality. The project includes an ammonia plant with a production capacity of 1.2 million tons annually, utilizing Kilog Brown's technology, and two urea plants with a combined capacity of 2.6 million tons per year using technologies from Stamicarbon and TIESENKROPP. Additionally, a carbon capture unit will be part of the project. The initiative aims to secure reliable supplies, maximize shareholder value, contribute to the goals of Saudi Vision 2030, and support global food security.
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