UK firm to build $2.4bn fertiliser plant in Egypt

A UK company plans to invest nearly $2.4 billion in a fertiliser plant in Egypt that will use household waste as feedstock.

London-based Polar Hydro Company intends to set up the project in Egypt’s Giza free zone to meet domestic fertiliser needs and export the surplus to Europe.

The facility will process and safely recycle solid household waste to produce biofuel and fertilisers, Egypt’s cabinet said on its Facebook account on Tuesday.

Minister of industry and transport Kamel Al-Wazir disclosed the project during a meeting of industry officials, during which he said the plant would help safely dispose of piles of waste in the area and create jobs for Egyptians.