(MENAFN) Oman India Fertiliser Co (Omifco) decided to insert a third production stream in its plant in Sur, raising its capacity.
The additional of the production stream in the plant in expected to need USD1 billion of investment.
'Matters related to expanding the capacity are being examined by us seriously. Earlier this year Omifco initiated a feasibility study for the expansion project,' joint managing director of IFFCO and board member at Omifco, Rakesh Kapur told Muscat Daily.
The CEO noted 'the study is likely to be completed before the end of this year. But much would depend on availability of natural gas, which is a key raw material for producing ammonia-based fertiliser.'
He added 'we would certainly look at expanding the capacity of this plant. This could be either through bottleneck capacity increase of the existing plant or if gas is available, we could even set up a third stream of ammonia-urea production line.'
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