Shuttered fertilizer factory asks for investors

Myanma Petrochemical Enterprise has invited local and international firms to partner with it in the shuttered No 3 fertilizer factory in Magwe Region.

The invitation for letters of expression of interest come as its parent organisation the Ministry of Energy has been working on a number of planned joint ventures, aiming to professonalise operations of several state-owned firms.

The deadline for expressions of interest is March 23. The chosen firms will partner with Myanma Petrochemical Enterprise in a joint venture production, storage, distribution and marketing, a statement said.

No 3 factory is located in Kyawzwa village, Aunglan township, of Magwe Region. It is designed for a capacity of 360 tonnes of ammonia per day and 600 tonnes of urea per day. The fertiliser factory makes use of 11.5 million standard cubic feet of natural gas a day.

It has been shut since 2010, with low productions of 450 tonnes of urea per day in the latter days of its operations.

There are currently five state-owned fertiliser factories in the country, with total designated capacity of 3350 tonnes.

The Ministry of Energy has also invited private firms to join it for ventures at a state-owned refinery and LPG plants.

It plans to expand semi-state owned enterprises for various midstream and downstream energy businesses.

Source: Myanmar Times

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