Pakistan’s Engro to Build $1 Billion Phosphate Plant

Oct. 15 (Bloomberg) -- Engro Chemical Pakistan Ltd., the nation’s second-largest urea maker, plans to build a $1 billion phosphate fertilizer plant in North Africa to feed demand in Pakistan and Western Europe. Pakistan produces a lot of nitrogenous fertilizer indigenously but we don’t have the raw material for phosphatic and potassium fertilizers,” Chief Executive Officer Asad Umar, said in an interview at his office in Karachi. “North Africa is the biggest hub of phosphate fertilizer in the world.” Pakistan’s Engro to Build $1 Billion Phosphate Plant