Lordegan Urea Fertilizer Company (LUFC) in southwest Iran started production at its ammonia plant, said company Executive Director Mohsen Mahmoudi in a Trend News report, citing Shana news agency. The urea plant commission is expected between June 21-July 21, 2020.
Ammonia capacity was put at 680,000 mt, with urea at 1 million mt. Although construction for the complex began as early as 2014, recent political sanctions against the nation have contributed to delays.
Iran’s urea exports have grown by 60 percent in the past five years, to an estimated 2.5 million mt in 2019 on capacity growth, according to Alexis Maxwell, Green Markets Director of Research. Brazil is the largest buyer of Iranian urea in barter trade for food products. Iran is one of the largest buyers of Brazil’s agricultural commodities, as food is not covered by U.S. sanctions.