The Indian company Fermachem will reportedly invest US $1.5 billion in an ammonia and urea plant in Armería, Colima, that should help meet Mexico’s fertilizer demand, the digital media outlet Forbes México has reported. Urea and ammonia are both ingredients used in fertilizer production. The plant will produce 3,500 metric tons of ammonia per day, as well as 2,860 metric tons of urea. It will also have a fertilizer granulation plant with a capacity of 2,860 metric tons per day, the document notes. In February, the Dutch company Tarafert announced it would be building a US $1.5 billion plant in Lerdo, Durango, which would begin operations in 2026.

Source: Forbes July 04, 2023 11:44 UTC