Fertil signs $240m deal to up urea output
Abu Dhabi, July 19, 2007
Abu Dhabi's government-run Ruwais Fertilizer Industries (Fertil) has signed a $240 million deal with Pakistan's Descon Engineering and Switzerland's Urea Casale to boost urea output by 50 percent.
Fertil is two-thirds owned by state oil company Adnoc and one third owned by French energy giant Total.
The project will capture the carbon dioxide needed to boost urea output from the fertilizer plant's current emissions, Fertil said in a statement. The changes will reduce Fertil's greenhouse gas emissions by 100,000 tonnes or 20 percent, it said.
The plant is in the industrial complex of Ruwais.
Descon will provide engineering and construction services for the project, while Urea Casale will provide technology, Fertil said in a statement. -Reuters