Yara Goes Ahead with Libyan Fertilizer Venture

Yara International, National Oil Corp. (NOC; Tripoli), and the Libyan Investment Authority (Tripoli) say they have completed all major agreements to establish a previously announced joint venture for the production of fertilizers in Libya (CW, Feb. 25, p. 19). The jv will be owned 50% by Yara and 50% by the Libyan entities. It will take over NOC’s ammonia-urea complex at Marsa el Brega, Libya. The jv will commence operations in September. The partners plan to upgrade the complex, which is designed to produce 700,000 m.t./year of ammonia and 900,000...

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