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Egyptian fertilizer producers report marginal impact after natural gas supply reductions

Seven Egyptian fertilizer manufacturers reported a marginal to moderate impact on operations following the reduction of gas supply by 20%.
06.08.23 | Source: ahram online

The Financial and Industrial Egyptian Company, El-Dawlia Fertilizers and Chemicals (ICFC), FerchemMisr for Fertilizers and Chemicals (FERC), Misr Fertilizers Production Co SAE (Mopco), and SamadMisr (Egyfert) reported marginal impact on their operations.

The companies said the petroleum ministry's decision was targeting factories producing nitrogen fertilizers, which use heavy amounts of natural gas, adding that they are not producing these types of fertilizers. 

Meanwhile, Egyptian Chemical Industries (Kima) reported that its ammonia production has declined by 20 percent, which was compensated for by the company's storage.

Ammonia is used to produce nitrogen fertilizers through a chemical reaction with acids.

Abu Qir Fertilizers and Chemicals Industries Company reported a 10 percent decline in the natural gas supply to its factories, noting that it is rationing energy consumption in response.

Egypt produces about 23 million tons of different types of fertilizers, of which it consumes 10 to 12 million tons.