{"id":587619,"date":"2023-05-30T00:00:00","date_gmt":"2023-05-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/australian-consortium-to-invest-usd-875-mn-in-phosphoric-acid-plant-in-egypt\/"},"modified":"2023-05-30T00:00:00","modified_gmt":"2023-05-30T00:00:00","slug":"australian-consortium-to-invest-usd-875-mn-in-phosphoric-acid-plant-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/australian-consortium-to-invest-usd-875-mn-in-phosphoric-acid-plant-in-egypt\/","title":{"rendered":"Australian consortium to invest USD 875 mn in phosphoric acid plant in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">An Australian consortium <\/span><span style=\"font-weight:700\">plans to invest USD 875 mn to build a phosphoric acid plant<\/span><span style=\"\"> in <\/span><span>the Red Sea port town of Safaga, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3MJk2Mq\" style=\"\">Asharq Business<\/a><\/span><span> reported yesterday, citing a government official. The consortium \u2014 which includes Wesson Group\u2019s financial consultancy firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.lionsbridge.com.au\/about-us\/\" style=\"\">Lionsbridge<\/a><\/span><span> and electrical contractor <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/westechgroup.com.au\/\" style=\"\">Westech Group<\/a><\/span><span style=\"font-weight:400;\"> \u2014 is currently working to launch their Egyptian JV, dubbed Osiris, to carry out the project, which will have an annual production capacity of around 700k tons. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Construction should start soon: <\/span><span style=\"font-weight:400;\">The consortium will start working on the USD 312 mn first phase of the project as soon as it receives the necessary approvals. The first phase will produce some 346k tons of acid a year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Phosphoric acid? <\/span><span>The chemical compound is <\/span><span>used <\/span><span style=\"font-weight:400;\">in the production of fertilizers, detergents, and a large number of household clearing products. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We already have another phosphoric acid project brewing: <\/span><span>Emirati company CFC Group <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da91e99a-5a36-4a57-be1c-9642f6cce2d9\" style=\"\">recently received the cabinet\u2019s approval<\/a><\/span><span> to establish a USD 400 mn fertilizer complex that will produce 700k tons of phosphoric acid each year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The plant will produce 700k tons of phosphoric acid a year<\/p>\n","protected":false},"author":1,"featured_media":587620,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[10585,72,7196,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-chemicals","tag-enterpriseam","tag-industry","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"38ae261a-d90f-485f-99d5-38e637fd018b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1616.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Australian consortium to invest USD 875 mn in phosphoric acid plant in Egypt","related_issue":[587606],"teaser":"The plant will produce 700k tons of phosphoric acid a year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.871e8d4b-016f-4043-9d4c-9836f1914145.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Australian consortium to invest USD 875 mn in phosphoric acid plant in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/australian-consortium-to-invest-usd-875-mn-in-phosphoric-acid-plant-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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2025","format":false,"excerpt":"The project will produce 250k tons of high-concentration commercial phosphoric acid a year in its first phase","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1645.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590446,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/investors-pitch-for-three-fertilizer-complexes-worth-usd-1-6-bn\/","url_meta":{"origin":587619,"position":1},"title":"Investors pitch for three fertilizer complexes worth USD 1.6 bn","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"More investment into the local fertilizer sector could be on the way:The General Authority for the Economic Zone of the Golden Triangle has received three offers from local and international investors to establish fertilizer complexes in the so-called Golden Triangle in Red Sea governorate, authority Chairman Adel Saeed told Asharq\u2026","rel":"","context":"In &quot;Industry&quot;","block_context":{"text":"Industry","link":"https:\/\/enterpriseam.com\/egypt\/category\/industry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/764.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640567,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/28\/local-consortium-to-set-up-a-usd-1-2-bn-chemical-production-plant-to-feed-fertilizer-industry\/","url_meta":{"origin":587619,"position":2},"title":"Local consortium to set up a USD 1.2 bn chemical production plant to feed fertilizer industry","author":"enterpriseam admin","date":"28 August 2024","format":false,"excerpt":"Nine local players will take on the project","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment 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The factory will produce phosphoric acid and phosphorous fertilizers with an annual capacity of 500k tonnes, the source\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592081,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/phosphate-misr-inks-usd-842-mn-agreement-with-chinas-cscec-wengfu\/","url_meta":{"origin":587619,"position":4},"title":"Phosphate Misr inks USD 842 mn agreement with China\u2019s CSCEC, Wengfu","author":"enterpriseam admin","date":"25 December 2019","format":false,"excerpt":"Phosphate Misr signed an agreement with a consortium of the Chinese State Construction Engineering Corporation (CSCEC) and China\u2019s 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\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571374,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/","url_meta":{"origin":587619,"position":5},"title":"USD 1 bn phosphoric acid plant in Abu Tartour is nearing the start of construction","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"Phosphate Misr is expected to sign within days the final funding contracts with investors ahead of beginning construction on its USD 1 bn acid phosphate facility in Abu Tartour, according to Al Mal. The facility will be constructed with a Chinese alliance consisting of the Chinese Construction Engineering Company and\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=587619"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587619\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/587606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/587620"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=587619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=587619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=587619"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=587619"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=587619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}