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

Yara Follows Dow to Libya

1:46 PM MDT | May 2, 2007 | Chemical Week Editorial Staff

Yara (Oslo) says it has agreed to form a fertilizer joint venture in Libya with National Oil Corp. (NOC; Tripoli). The 50-50 jv will take over ammonia and urea plants currently operated by NOC at Marsa el Brega, Libya. The plants have capacity for 700,000 m.t./year of ammonia and 900,000 m.t./year of urea. The partners aim to establish the jv by year-end. NOC and Yara will “further develop the existing production capacity at Marsa el Brega and develop a cooperation for the potential development of further fertilizer projects in Libya,” Yara says. Yara...

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