About Project

The plant scale should be aimed to satisfy the Iraqi market and regional export markets, such that 1,000 tpd of ammonia combined with 1,754 tpd of urea would appear to be an appropriate size, balancing avoiding dis-economies of small scale and low netback deep-sea exports, (“the Transaction”).

LOCATION      : Sulaymaniyah, Republic of Iraq

SERVICE           : Transaction Management

VALUE               : USD 810 million

CLIENT             : Royal Phosphate & Fertilizers Industries Ltd. Co.

TYPE                  : Industrial

OVERVIEW

Historically the market in Iraq was substantially greater than is currently the case. It is certainly possible that having a reliable indigenous supply of nitrogenous fertilizer will trigger a surge in local demand. However, a facility in Sulaymaniyah would also, need to secure export sales in surrounding countries, most especially Turkey.

ORP was engaged to perform a pre-feasibility and economic model of studies.

The main focus was on nitrogen since both globally and in Iraq it is the most important nutrient. Furthermore, nitrogenous fertilizers are typically produced from natural gas and there is understood to be inexpensive natural gas available in northern Iraq.

The most common route for the production of nitrogenous fertilizers is from ammonia produced from natural gas. Whilst other routes to ammonia are known, such as from heavier hydrocarbons or from electrolytically produced hydrogen, the natural gas route dominates global fertilizer production.

In 2023, Kingston led the Development, through-out pre-feasibility, feasibility and bankable feasibility, legal-financial-technical structure, financing plan, and documentation, to develop the Plant.