Indian fertiliser group Zuari Agro Chemicals plans to construct a phosphate fertiliser plant in Ras al-Khaimah (RAK) in northern UAE.
The company signed a memorandum of understanding (MoU) with RAK Maritime City to establish a diammonium phosphate (DAP) plant with a nameplate capacity of 1 million tonnes a year (t/y).
The single-stream granulation plant will be built over 400 acres (1.6 square kilometres) at the maritime free zone established in 2011. Zuari’s project will include a power plant, private jetty and desalinisation plant at a total estimated cost of $800m.
Oman-based Alpen Capital has been hired as the financial adviser for the project.
The RAK scheme will be the first phosphate-based fertiliser plant in the UAE, with Abu Dhabi-based Fertil producing nitrate fertilisers ammonia and urea.