Mari network: Engro, others investing $300m in gas PEF project

Engro Fertilizers and other major fertilizer manufacturers are investing heavily worth $300 million in Gas Pressure Enhancement Facilities (PEF) project from Mari network to sustain domestic urea production levels and safeguard the food security of Pakistan.

Talking to media, Ali Rathore, Chief Financial Officer, Engro Fertilizers, on Thursday said Engro Fertilizers and other major fertilizer manufacturers had initiated PEF project to improve the gas supply from the Mari Network for an unerupted gas supply and smooth urea production. “The project is expected to complete in the next 18 months and the estimated share of Engro Fertilizers in this project is over $100 million,” he informed.

Rathore briefed about the importance of a robust indigenous fertilizer industry, its key challenges and opportunities, and recent steps taken by the government to reform the fertilizer sector and said that the government can earn up to Rs100 billion by removing discriminatory in gas pricing among fertilizer manufacturers to facilitate new investments and promote efficiency to ensure sufficient urea availability for the farmers.

Read more: https://www.brecorder.com/news/40292599/mari-network-engro-others-investing-300m-in-gas-pef-project