15 Hrs
Source:
الاقتصادية
Sabic Focuses on Asia and America for Urea Growth
Saudi Arabian Fertilizer Company (SAFCO) plans to target Asian, American, and Canadian markets to accommodate the expected increase in its ammonia production. This will be achieved through its seventh project, which involves establishing a new ammonia plant with a capacity of 1.2 million tons annually, two urea plants with a combined capacity of 2.6 million tons per year, and a carbon capture unit. The investment cost is approximately $3.465 billion, with construction activities expected to commence in the fourth quarter of 2026 and pilot production scheduled for the third quarter of 2030. The project aims to increase urea production capacity by 54%, from the current 4.8 million tons to 7.4 million tons annually, thereby enhancing the company's competitiveness and supporting Saudi Arabia’s role in global food security.
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