2024

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Industries, Trafigura and Envalior Announce Shipment of Certified Low-Carbon Ammonia3

The Egyptian Company for Mineral Resources (ECMR) and Ferchem Masr for Fertilizers and Chemicals (FERC) have inked a framework agreement to establish joint phosphate manufacturing projects, the Ministry of Petroleum and Mineral Resources stated on October 7th. Under the new partnership, the two parties will establish a specialized factory for manufacturing phosphate fertilizers and another facility for upgrading low-quality phosphate ore to maximize its economic value. The initiative aligns with the third axis of the Ministry of Petroleum and Mineral Resources’ strategy, which focuses on developing and expanding the mining sector to enhance the added value of mineral resources and ensure their optimal exploitation.

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Fertilizer Egypt

New project on Ferchem Masr’s land in Monufia

Ferchem Masr for Fertilizers and Chemicals (FERC) stated Abu Zaabal Company rented 5,000 square meters from the former land plot located in Monufia governorate, according to the company’s July 15th statement filed to the Egyptian Exchange. Abu Zaabal rented the land in order to establish an industrial project to manufacture fertilizer. Ferchem Masr posted a net profit of EGP 5,060,504 in Quarter one (Q1) of 2020, a 40% increase from EGP 3,602,911 achieved in Q1 2019. Ferchem Masr was founded in 2001 as a leading joint-stock company specialized in blended fertilizer industry Phosphate and soluble fertilizers were added to help support the fertilizers industry and agriculture in Egypt.

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