A statement released by the Egyptian Economic and Commercial Office in São Paulo reports that the government is seeking investors interested in setting up potassium, kaolin, iron ore, and geopolymer production facilities in the country.
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The complex includes six factories that have a total production capacity up to 1.7 million tons and investments of USD 800 million.
The Brazilian branch of the US-based company expects to import 100,000 tonnes of phosphate from Saudi Arabia this year. The company also buys lesser amounts of sulfur and monoammonium phosphate from the UAE.
Former ministers of Agriculture spoke about the impacts of the conflict between Russia and Ukraine on Brazilian agribusiness in Terraviva channel’s Agro 360 TV show. Arab Brazilian Chamber president Osmar Chohfi also participated.
With a low supply of fertilizers from Russia and Belarus, Arab countries can be an alternative for some products, such as nitrogen and phosphate. The bloc, however, does not have a substantial potassium production.
Government will devise a policy to increase the country’s supply and minimize reliance on imported products. A work group met on Tuesday, 9. The country relies for some 80% of its fertilizer needs.
