SABIC AgriNutrients is targeting markets in Asia, America, and Canada to absorb the anticipated increase in its urea production. This expansion will be driven by a significant increase in production capacity through its seventh project, which will enhance its competitiveness and market share in the global agri-nutrients market, as reported by SABIC to Al-Eqtisadiah newspaper.

The company explained that SABIC AgriNutrients has a commercial presence and customer base in several global markets, along with marketing teams operating in key markets, providing a marketing foundation to absorb the additional production expected from the project.

The project, costing $3.4 billion,

was awarded last Thursday by SABIC Agri-Nutrients to Samsung E&A for engineering, procurement, and construction (EPC) work on its seventh project. The contract is valued at approximately $3.465 billion.