Govt to set up eco-friendly urea fertiliser plant

The government has been planning to set up a modern and environment friendly plant to produce more urea fertiliser to meet local demands.

The Ministry of Industries has already sent a proposal to the Planning Commission for the approval of Executive Committee of the National Economic Council (ECNEC), a senior official of the Planning Ministry told The Business Post.

State-owned Bangladesh Chemical Industries Corporation (BCIC) will establish the plant at Fenchuganj upazila of Sylhet at an estimated cost of Tk 724.31 crore, funded by the government.

“We have held a project evaluation committee meeting on the project. We have recommended and sent the project for ECNEC’s nod,” the official said.

The project aims to produce “Urea Formaldehyde 85 (UF-85)”, the white layer of the fertiliser. The material is now being imported mainly from Saudi Arabia, Qatar and Kuwait.

The main activities of the project include procurement of machinery and equipment for the factory, general contractor construction services, installation, test run and related technical services, design, technical supervision and project management consultancy services, installation of CMS, holding training programmes at home and abroad, purchase of four vehicles, computers and accessories and furniture.

Currently, the country produce 37.29 lakh metric tonnes of urea fertiliser annually. BCIC spends Tk 116.93 for importing UF-85 annually.