Prices of key construction materials and fertilizers in Egypt showed mixed trends on October 27th, according to new data released by the Cabinet’s Information and Decision Support Center (IDSC).

Egypt is considering the executive steps for the establishment of an integrated industrial complex to produce organic fertilizers and extract critical and rare earth elements from kaolin and glauconite ores.

Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from the Saudi Egyptian Investment Company, a subsidiary of the Public Investment Fund (PIF), to discuss investments in Egypt's petroleum and fertilizer sectors

Misr Fertilizers Production Company (MOPCO) announced it has started gradually restarting its plants following the resumption of natural gas supply.

Misr Fertilizers Production Company (MOPCO) is looking to complete two major projects for green hydrogen production, expand its factory, and boost urea production by the end of 2027.

The Ministry of Agriculture and Land Reclamation has decided to halt the distribution of subsidized fertilizers to around 18,000 beneficiaries due to trespassing on state lands, electricity theft, and building violations.

Egyptian fertilizers manufacturer Biogrand is planning to set up a factory in Saudi Arabia by the end of February 2025, with investments worth up to SAR 25 million.

The Indian fertilizer manufacturer Ostwal Group of Industries is considering establishing a fertilizer production factory in Egypt with investments worth $300 million.

The Egyptian government is looking into raising the prices of subsidized fertilizers by up to 30% to roughly EGP 6,250 instead of EGP 4,800 per ton.

Fertilizer prices in the Egyptian open market have increased by around 54% month on month (MoM) in June to up to EGP 20,000 per ton, compared to EGP 13,000 per ton.

The Egyptian government has indefinitely halted natural gas supplies to local fertilizer factories, notifying them of this decision by official letters.

The government has decided to resume supplying natural gas to fertilizer factories gradually as of June 6th.

The Egyptian economic landscape is propelled by a diverse range of industries, with the chemicals sector playing a crucial role in driving exports and fostering economic growth. The chemical industry encompasses a vast array of sub-sectors, churning out a multitude of products. These products are not only essential for domestic use but also have a significant impact on Egypt's trade balance by reducing import reliance and maintaining its competitive edge in global markets.

Two Egyptian nitrogen fertilizer producers have submitted requests to the government to review the subsidized fertilizer supply prices, given the high production costs following the liberalization of the local currency’s exchange rate.

Kafr El Zayat for Pesticides and Chemicals Company will distribute cash dividends of EGP 0.60 per share to shareholders for 2023 on April 7th.

Egypt is targeting to increase exports of chemicals and fertilizers by 10% in 2024, Chairman of the Chemicals and Fertilizers Export Council Khaled Abul-Makarem said.

Abu Qir Fertilizers and Chemicals Industries Company (ABUK) has signed a memorandum of understanding (MoU) with ABB Group, MPS Infrastructure, and Petroleum Projects and Technical Consultations Company (Petrojet) to provide green hydrogen and renewable energy to North Abu Qir for Agricultural Nutrients Company’s project.

Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed a land allocation contract with Futurefert Egypt, a subsidiary of UAE-based Sharkia Holding Limited, to establish a green fertilizer plant in Ain Sokhna Industrial Zone’s Sokhna 360 project.

Egypt has reduced natural gas supplies by about 30% to fertilizer companies operating in the country starting October 27th.