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Business
Yara Forming Libya Fertilizer Venture
April 30, 2007
| A version of this story appeared in
Volume 85, Issue 18
Norwegian fertilizer maker Yara is forming a joint venture with Libya's National Oil Corp. that will upgrade NOC's existing nitrogen fertilizers unit in Marsá al Burayqah, Libya, and build world-scale fertilizer plants. "This partnership is another example of NOC's new policy of attracting foreign investment and expertise for the benefit of the Libyan economy," says NOC Chairman Shokri Ghanem. Dow Chemical recently agreed to partner with NOC to expand a petrochemical complex in Libya (C&EN, April 23, page 25).
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