The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Ruwais Fertiliser expansion on track

posted on 04/03/2009: 3046 views



The Ruwais Fertiliser Company (FERTIL) will push on with a multibillion dirham expansion project in the emirate in spite of a sharp fall in fertiliser prices worldwide, the company's general manager said yesterday.

Mohamed Rashid al Rashid said FERTIL, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), will award a construction contract for the new plant in Ruwais midway through this year. The facility will produce urea and ammonia, two basic chemicals in use by the fertiliser industry worldwide.

"This is the right time for FERTIL to start constructing a new plant, because the construction cost is relatively low compared to two years ago,” Mr. al Rashid told the Middle East Fertilizer Symposium in the capital. "By the time we will start the plant, the price will come up to normal.”

Mr. al Rashid said the plant would be completed by 2012, and he confirmed a recent report in MEED, the business magazine, that FERTIL has shortlisted three companies for the construction contract: Samsung Engineering of Korea, and Snamprogetti and Tecnimont, both of Italy.

Prices for urea in the US, the world's biggest market, fell by more than 60 per cent since last summer, while ammonia prices fell by 70 per cent.

FERTIL officials declined to offer a cost estimate for the project, but C V Venugopal, the chief executive of Oman India Fertilizer Company, which produces ammonia and urea, estimated it would cost about US$1.2bn to build a new urea plant in Oman of slightly larger capacity than the Ruwais project. – The National



RELATED ARTICLES

09 August 2016 Dubai Industrial Park opens 70 warehouses and storage spaces for lease
25 October 2015 Sharjah unveils Al Saja'a Industrial Oasis
07 October 2015 Dubai Industrial City registers 28% growth in revenue and 59% increase in gross profit
02 September 2015 Investments in the UAE industrial sector amounts to Dh127b
28 April 2015 Performance of industrial sector of Abu Dhabi continues to improve in first half of 2014


Most Read