{"id":640567,"date":"2024-08-28T00:00:00","date_gmt":"2024-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/28\/local-consortium-to-set-up-a-usd-1-2-bn-chemical-production-plant-to-feed-fertilizer-industry\/"},"modified":"2024-08-28T00:00:00","modified_gmt":"2024-08-28T00:00:00","slug":"local-consortium-to-set-up-a-usd-1-2-bn-chemical-production-plant-to-feed-fertilizer-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/28\/local-consortium-to-set-up-a-usd-1-2-bn-chemical-production-plant-to-feed-fertilizer-industry\/","title":{"rendered":"Local consortium to set up a USD 1.2 bn chemical production plant to feed fertilizer industry"},"content":{"rendered":"

A mega phosphoric acid plant in the works set to give the local fertilizer industry a boost:<\/strong> A local consortium led by Abu Tartour<\/a>For Phosphoric Acid<\/a> will set up a USD 1.2 bn phosphoric acid production plant, an unnamed government official told Al Arabiya<\/a>. The project will be carried out over a 36-month period and aims to produce 900k tons of phosphoric acid a year. <\/p>\n

Phosphoric acid? <\/strong>Although it has numerous uses \u2014 including changing the taste of carbonated soft drinks, preserving foods, treating rust, adjusting pH levels for cosmetics and more \u2014 by quantity and especially in Egypt, phosphoric acid is mostly used in the manufacture of fertilizer. The vast majority \u2014 if not all \u2014 of the phosphoric acid produced by the plant will presumably end up being consumed by the fertilizer industry, considering who\u2019s involved in the project. <\/p>\n

Who\u2019s involved? <\/strong>Nine local players will take on the project, including Abu Tartour, Enppi, Petrojet, Chemical Industries Holding Company, Abu Qir Fertilizers, Phosphate Misr, and East Gas Company. Abu Tartour \u2014 which runs the largest phosphate mine in Egypt and one of the largest in the world \u2014 will operate the facility once it's up and running. <\/p>\n

Who\u2019s paying?<\/strong> The consortium is looking into its financing options \u2014 finding a new investor to take over financing the project in return for a percentage of the project or turning to lenders for 65% of the funds needs and self funding the remaining 35%. <\/p>\n","protected":false},"excerpt":{"rendered":"

Nine local players will take on the project<\/p>\n","protected":false},"author":1,"featured_media":640568,"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":[72,99,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-fertilizers","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"38f4d393-7825-48a2-bd0f-c44ddb2c1863","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2443.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian consortium to set up a USD 1.2 bn chemical production plant o feed fertilizer industry","related_issue":[640562],"teaser":"Nine local players will take on the project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.ac1774ea-bbff-462e-89f3-8b3a7b0ec8a4.mp3"},"yoast_head":"\nLocal consortium to set up a USD 1.2 bn chemical production plant to feed fertilizer industry - 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\/2024\/08\/28\/local-consortium-to-set-up-a-usd-1-2-bn-chemical-production-plant-to-feed-fertilizer-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local consortium to set up a USD 1.2 bn chemical production plant to feed fertilizer industry\" \/>\n<meta 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phosphoric acid a year","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1616.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":640567,"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 "Industry"","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":667599,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/30\/local-consortium-taps-chinas-cscec-ecec-to-build-usd-658-mn-phosphoric-acid-production-plant\/","url_meta":{"origin":640567,"position":2},"title":"Local consortium taps China\u2019s CSCEC, ECEC to build USD 658 mn phosphoric acid production plant","author":"enterpriseam admin","date":"30 June 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 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The facility will be constructed with a Chinese alliance consisting of the Chinese Construction Engineering Company and\u2026","rel":"","context":"In "Manufacturing"","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":[]},{"id":592081,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/phosphate-misr-inks-usd-842-mn-agreement-with-chinas-cscec-wengfu\/","url_meta":{"origin":640567,"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 "Basic Materials + Commodities"","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":549603,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/22\/expedition-investments-consortium-completes-domty-acquisition\/","url_meta":{"origin":640567,"position":5},"title":"Expedition Investments consortium completes Domty acquisition","author":"enterpriseam admin","date":"22 September 2022","format":false,"excerpt":"Domty acquisition finalized: A consortium of investors led by Expedition Investments received a 32.9% stake (93.0 mn shares) for EGP 511.6 mn, according to a notice on the EGX yesterday. Their mandatory tender offer for up to 34% of the cheesemaker closed last week.CFC Group project gets cabinet approval: Cabinet\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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\/640567","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=640567"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640567\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/640562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640568"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640567"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640567"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}