Fertial SpA, an Algerian fertilizer company, expects to increase ammonia exports by 13 percent this year to a record as demand for crop nutrients climbs.
Fertial plans to ship 700,000 metric tons, up from 620,000 tons in 2011, Director-General Jorge Requena Lavergne said in an interview in Algiers on March 8. The company exports 80 percent of its ammonia and uses the rest to make fertilizers.
Consumption of the gas has grown as burgeoning populations boost food demand, spurring farmers to plant more crops. Fertial has an output capacity of 1 million tons of ammonia a year and produces 200,000 tons of fertilizer for the domestic market, according to Requena Lavergne.
Spain’s Grupo Villar Mir, which owns 66 percent of Fertial, plans to invest $20 million in the company this year to upgrade production equipment, he said. Algeria’s Asmidal holds the remaining shares.
-- Editors: Amanda Jordan, Stephen Cunningham
To contact the reporter on this story: Salah Slimani at email@example.com
To contact the editor responsible for this story: Andrew J. Barden at firstname.lastname@example.org