UAE-based chemicals and fertilizer supplier Fertiglobe completed its acquisition of Chinese-owned Wengfu Australia's distribution assets on 1 October, expanding further into Asia-Pacific.
Fertiglobe now owns Wengfu's distribution assets including eight warehouses across five ports on Australia's east coast with 700,000-800,000 t/yr of distribution capacity, which Fertiglobe said it may scale up to 1.1mn t/yr.
Fertiglobe can produce 6.6mn t/yr of saleable urea and ammonia from its operations in the UAE, Egypt and Algeria. The acquisition, first announced in May, will widen Fertiglobe's business to include phosphate and potassium-based fertilizers alongside the existing nitrogen products.
The firm has announced plans to sell lower emissions fertilizers into the Australian market. Australia's federal Labor government recommended sustainable fertilizer products, such as nitrification inhibitors, in its agriculture and land sector plan released in September as part of its legislated 2035 emissions reduction target.
Fertiglobe completed the acquisition on the same day that Australian explosives manufacturer Dyno Nobel sold its fertilizer distribution arm to Australian agri-business Ridley.
