Engro Fertilizers Limited (PSX: EFERT) has successfully carried out scheduled maintenance activity to ensure long-term reliability and sustainable safe operations of the EnVen Plant (Plant-II) of the Company, the fertilizer maker informed the Pakistan Stock Exchange on Thursday.
The EnVen Plant resumed commercial operations on June 18, 2024, at 08:30 PM, according to the stock filing.
EFERT’s EnVen Plant was initially closed for maintenance on April 21, 2024. In a stock filing at the time, the company said it was closing the plant for 54 days i.e. till June 14.
Established in 2011 with an investment of USD 1.1 billion, the EnVen Plant has an annual production capacity of 1.3 million tons and is the most energy efficient fertilizer plant in Pakistan, with the lowest consumption of gas per ton of urea.
The project scope of the turnaround included over 5,000 technical activities, including the first-ever replacement of the waste heat boiler, overhaul of the furnace convection section, ammonia storage tank inspection and a comprehensive overhaul of six major turbo trains and gas turbines.
At peak, more than 6,000 people were engaged round-the-clock at the Plant site for these turnaround activities. Engro Fertilizers has invested approx. USD 50 million in the Plant turnaround to improve its reliability and operational efficiency.
According to Ali Rathore – CEO of Engro Fertilizers, “The safe and successful completion of this major turnaround, despite extreme weather conditions, showcases the engineering excellence of the Engro Fertilizers team in executing large-scale projects within planned schedules and budgets, while prioritizing the safety of everyone involved in the activity. These critical projects were executed in-house by our talented engineers using innovative techniques and global best practices of safety and quality.”
He added that, “The meticulous planning and execution ensured that the availability of urea to our hardworking farmers was not impacted, demonstrating the entire Engro Fertilizers team’s firm commitment to our purpose of enabling the food security of Pakistan. We would like to thank our employees, contractors, global technical partners, local administration, and all other key stakeholders for their seamless support and guidance that contributed to the success of this major turnaround.”
Engro Fertilizers is engaged in the manufacturing, purchasing and marketing of fertilizers, seeds and pesticides and providing logistics services.
At the time of filing, the company’s scrip at the bourse was Rs. 166.95, up 0.89 percent or Rs. 1.48 with a turnover of 195,768 shares on Thursday.
