Brazil's EBX Group is planning to build a $3bn nitrogen-based fertiliser complex in Açu Superport in Brazil, in collaboration with Egypt's Orascom Construction Industries.
The facility will have the capacity to produce up to three million tons of nitrogen fertiliser per year.
The natural gas to be used for the fertiliser production will be supplied by OGX, the oil and gas arm of EBX Group.
The binding joint-venture agreement between the two parties is subject to due diligence, final transaction documentation as well as applicable corporate and regulatory approvals.
