QAFCO unveils Qafco-5 fertiliser project in Mesaieed, Qatar
QAFCO has launched the $3.2bn Qafco-5 project in the industrial city of Mesaieed, Qatar, to produce ammonia and urea.
The project is expected to increase QAFCO's urea production capacity by more than 40%, according to the company.
Qatar Minister of Energy and Industry H.E. Dr. Mohammed Bin Saleh Al Sada, when launching the project, said the QAFCO 5 project has been financed with a loan of $1.1bn and the rest was funded from equity.
"The two ammonia plants being built under QAFCO-5 project will increase QAFCO's production capacity by almost three-quarters,'' Al Sada said.
QAFCO chairman H.E. Abdulaziz Bin Ahmed Al-Malki said: ''To meet the increasing world demand for fertiliser and to continue its diversification of the use of Qatar's natural gas, QAFCO commissioned the construction of QAFCO-5 project in 2007."
The company at present produces 2.2 million tonnes of ammonia and three million tonnes of urea per annum.
QAFCO CEO Khalifa A Al-Sowaidi said: "QAFCO produces three types of fertilisers: anhydrous ammonia, prilled urea and granular urea.''
The project will increase QAFCO's ammonia production from 2.2mmt to 3.8mmt and urea production from 3mmt to 4.3mmtpa.