The Clap
Abu Qir Fertilizers has hit the brakes on its project, which aims to reduce carbon dioxide emissions and raise the production capacity of the urea plant” project.
What
The company stated that the cancellation of the tender is not a termination of the project, but rather a decision to examine other more cost-effective and shorter implementation alternatives.
So what
The aim of the project was to rev up production by an extra 154 thousand tons each year, at a price tag of between $80 million and $100 million.
Now what
The company is currently conducting a study to increase the production capacity of its Abu Qir 1 factory.
