Egyptian construction company Elsewedy Industrial Development signed an agreement with Futurefert – a granular NPK factory in Egypt – during COP28 on Monday to spearhead the development of a green fertilizer plant. The agreement represents a notable step towards sustainable and decarbonized agriculture in Egypt.
Elsewedy Industrial Development manages the entire development life cycle, starting from the acquisition of strategically positioned land plots to post-operation community management.
In parallel, Futurefert capitalizes on Egypt’s abundant nitrogen, phosphorus, and potassium reserves, positioning itself advantageously to supply high-quality NPK that meets international standards, ensuring swift delivery to clients.
Green fertilizers share an identical chemical and physical composition with fossil fuel-based fertilizers, but they boast a significantly lower carbon footprint. This reduction is attributed to their production using renewable electricity sources. Considering Egypt’s immense potential in renewable energies, particularly solar, hydro, and wind, along with the abundant mineral reserves essential for green fertilizer production, the collaboration between Elsewedy and Futurefert sets the stage for future decarbonization initiatives in the country.