Egypt’s Elsewedy Industrial Development signed an agreement on Dec. 1 with New Cairo-based Futurefert, operator of a granular NPK fertilizer plant, to spearhead the development of a green fertilizer plant, according to a report by South Africa’s Energy, Capital & Power.
The agreement was signed at the COP28 meeting in Dubai, UAE. No further details of the proposed project were immediately available.
The Futurefert plant, located in the SIDC Industrial Zone inside the Suez-Canal Economic Zone, was built and launched in 2019 by the UAE’s Amana Group.
Elsewedy Industrial Development manages the entire development life cycle of industrial projects, starting from the acquisition of land plots to post-operation community management, according to the company’s website.