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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Safco to Build Big Urea Complex

5:32 AM MST | January 18, 2011 | Natasha Alperowicz

Saudi Arabian Fertilizer Co. (Safco) a joint venture in which Saudi Basic Industries (Sabic) owns 43% and the private sector the balance, has notified Tadawul, the Saudi Stock Exchange that it will build a large urea complex at the company's Jubail, Saudi Arabia site. The project, now in the approvals process, is instead of a previously announced steel plant, which would have been built by a joint venture between Safco and the steel maker Hadeed. The steel project has been cancelled because of market considerations. Senior sources at Safco tell CW that the urea...

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