Egypt’s Misr Fertilisers Production Company (MOPCO) production meets 30 % of the local market’s demand for urea fertilizer and 60 per cent of ammonia, said it Chairman Ahmed Mahmoud.
Moreover, MOPCO has solidified its position in the global market, with significant exports to Europe, the Americas, and Asia.
The company’s robust performance is underscored by achieving 100 % of its targeted urea sales plan, amounting to 943,000 tons, and surpassing its ammonia sales target by 138%.
Mahmoud unveiled MOPCO’s three-year action plan, focusing on new green economy projects. The plan aims to reduce carbon footprint by upgrading factories, introducing new products, and forming profitable partnerships.
This year, MOPCO successfully completed the construction of a new production unit, adding a capacity of 20,000 tons per year of Adblue urea solution.
Global demand for these products is high to reduce harmful emissions from diesel engines. The company exported its first shipment of 36 tons to the European market at a price of $195 per ton, marking a 200% increase in the export price of urea.
To further solidify its leadership position, MOPCO is embarking on two ambitious projects. A green ammonia production facility, in partnership with Scatec, is set to produce 150,000 tons annually. Additionally, a melamine production project with an annual capacity of 42,000 tons is in the pipeline.