Egypt is looking towards hugely increased LNG imports to try and reduce domestic shortages. A second floating regasification and storage unit arrived in May and two more are expected to be in place soon. Reuters reports that the country has reached agreements with energy firms and trading houses to buy 150 to 160 cargoes of […]
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi and New Valley Governor, Mohamed Al-Zamlout were present at the signing of a framework agreement between a consortium of Egyptian public companies to build a new phosphoric acid plant at Abu Tartour in the New Valley region. The project aims to maximise added value and increasing the economic return on Egyptian phosphate ore by using it in higher-yield industries rather than exporting it as a raw material. The Egyptian state-owned consortium includes Abu Qir Fertilizers; East Gas Company, Mineral Resources and Mining Industries Authority; Misr Phosphate, AT-PHOS, Petroleum Projects and Technical Consultations Company (PETROJET), and Engineering for the Petroleum and Process Industries (ENPPI), all of which are shareholders in the project. The contractor agreement was signed with a Chinese consortium of China State Construction Engineering Corporation (CSCEC) and East China Engineering Science and Technology Co (ECEC).
The Egyptian Mineral Resources and Mining Industries Authority has signed a memorandum of understanding (MoU) with El Sewedy Capital Investments to establish a partnership for the exploration, exploitation, and production of phosphate rock in the El-Sebaeya region of the Nile valley, with downstream beneficiation and a feasibility study for establishing a factory to produce phosphate fertilizers.
The Iran-Israel conflict in mid-June placed the urea market on edge prior to a ceasefire announcement.
Chinese phosphate and battery chemical producer Chuan Jin Nuo Chemical (KMCJNC) has announced a $265 million plan to build a plant in Egypt to reduce its raw material and export costs. The company will construct facilities in the North African country to produce a range of intermediates and finished products, it revealed in its recent first-quarter earnings report. The plant will have a threeyear construction timeline. Planned capacities for the site are 800,000 t/a of sulfuric acid and 300,000 t/a of ammonium phosphate per year. Other core products will include phosphoric acid and sodium fluorosilicate. At full capacity, the plant is expected to generate over $41 million in net profit, according to feasibility studies.
In its 4Q 2024 results presentation, Abu Dhabi-based Fertiglobe said that it expects to reach a final investment decision (FID) on two clean hydrogen and ammonia projects in the US and Egypt in 2025. Fertiglobe confirmed that FID on the ADNOC-ExxonMobil low-carbon hydrogen and ammonia project in Baytown, Texas, is expected in 2025, with operations anticipated to begin in 2029. ADNOC’s 35% equity stake in the project will be transferred to Fertiglobe at cost once the project is operational.
Misr Phosphate has started to export phosphate rock with a low dust content via the port of Damietta on Egypt’s Mediterranean coast.