Bangladesh: Prime Minister Sheikh Hasina is scheduled to formally lay the foundation stone of Bangladesh Chemical Industry Corp.’s (BCIC) Shahjalal Fertiliser Factory at Fenchuganj in northern Bangladesh by the end of this month.
The factory, with a capacity of producing 1,760 mt of urea and 1,000 mt ammonia per day, will be located adjacent to the existing state-run Natural Gas Fertiliser Factory (NGFF). The cost is US$594 million, 73 percent of which will be provided by China Exim Bank.
The Bangladeshi government has already awarded a contract to a Chinese firm, China National Complete Plant Export & Import Corp. Ltd., to implement the project. The Chinese firm started work in January 2012 and will complete the project by June 2015.
BCIC has six urea factories, but had to import urea from the Middle East and other countries to meet requirements due to gas shortages in the country.