Fauji Fertilizer Company has signed a Front-End Engineering Design agreement with China’s Hualu Engineering and Technology Co. Ltd for a $1.12 billion coal-to-fertilizer project. FFC says will be Pakistan’s first of its kind under the China-Pakistan Economic Corridor (CPEC) 2.0 framework.    The proposed plant is expected to produce 717,000 tons of urea annually while consuming around 2.1 million tons of indigenous coal each year, according to the company. Commercial operations are planned for 2030-31.     The project is expected to support domestic fertilizer availability while increasing the use of local energy resources as Pakistan attempts to reduce pressure from imported inputs and external financing costs.    FFC said the initiative reflects its focus on industrial expansion, resource optimization, and long-term economic growth.   The agreement comes amid renewed efforts by Pakistan to attract Chinese investment under the second phase of CPEC cooperation. (ICE ISLAMABAD)

Fonte notizia: profit