Evergrow to complete studies on EGP 9.5 bn phosphate complex next month

Fertilizer producer Evergrow expects to complete the technical studies on its planned EGP 9.5 bn phosphate production complex and meet with the project’s foreign investors to determine their ownership stakes next month, the company’s Commercial Director Emad Nabil said, Al Borsa reports. Evergrow’s chairman had announced last month that the company was in talks with a consortium made up of Borealis and EcoPhos over their ownership stakes. Evergrow’s share in the plant is expected to be at least 30%, according to Nabil. Construction will begin early next year, and will take between two and three years to complete. The plant will produce an annual 600k tonnes of fertilizer, 500k tonnes of calcium diphosphate, and 700k tonnes of sulfuric acid per year.