Zuari Agro Chemicals is looking forward to setting up an integrated phosphate plant at Ras al-Khaimah, UAE.
The company is likely to ink an agreement with the Ras al-Khaimah government. Zuari Agro Chemicals entered into a preliminary agreement for the one million tonne facility in November 2012. The agreement will ensure firm commitment of the Ras al-Khaimah government to provide land, and infrastructure as well as tax concessions for the port-based facility.
Once the agreement is signed, Zuari will carry out a detailed feasibility study to finalise the project plan and estimated cost.
In India, Zuari produces a range of phosphatic fertilisers, either through its own facilities or through Orissa-based, Paradeep Phosphates.