Phosphate Misr signed an agreement with a consortium of the Chinese State Construction Engineering Corporation (CSCEC) and China’s Wengfu Group to set up a USD 842 mn phosphoric acid complex in Abu Tartoor, according to an Oil Ministry statement (pdf) The total cost of the project is estimated at USD 1 bn and would produce some 1 mn tonne of phosphoric acid per year — a key ingredient in manufacturing phosphate fertilizers. Wengfu will sign a long-term purchasing agreement for 500k tonnes per year.

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