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China’s CJN to set up USD 1 bn phosphate chemicals complex: China’s phosphate chemicals producer Kunming Chuan Jin Nuo Chemical Co. (CJN) inked an agreement with Elsewedy Industrial Development to develop a USD 1 bn phosphate chemical industrial park in Elsewedy’s Sokhna 360 industrial city, according to a statement. The park is expected to be one of the largest of its kind in the Middle East.
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The details: The 905k sqm project will be developed by Elsewedy over three phases, aiming to create 10k jobs. Its output will be exported to markets in South Asia, the Middle East, Africa, and South America. The project will also involve establishing a specialized research and development center in the first phase of development to advance scientific research in phosphate-based chemical technologies.
The development plan’s breakdown:
#1- Work on phase one will begin in 2026, with commercial operations expected in 2028. It will focus on producing phosphoric acid, DAP and TSP fertilisers, each with a capacity of 300k tons annually.
#2- The second phase will commence in 2029, with operations starting in 2031. It will focus on producing high-purity specialized phosphate chemicals, such as purified phosphoric acid for industrial and food-grade use and potassium dihydrogen phosphate.
#3- The final phase will start in 2032, with operations beginning in 2034, expanding into new energy material industries, including the production of electric-battery materials, such as lithium iron phosphate and lithium dihydrogen phosphate.
This isn’t the first or the most expensive phosphate plant being set up by a Chinese investor here. A Chinese consortium partnered with multiple local players back in June to build a USD 658 mn phosphoric acid production complex in the New Valley governorate. Also this year, China’s Asia Potash announced its plan to set up a phosphate fertilizer industrial park in Upper Egypt, with a final investment ticket of USD 7-10 bn.
ADVISORS- Zaki Hashem advised CJN on the agreement, according to a statement (pdf) from the firm.
