EnVen resumes production after $50m overhaul

Pakistan's largest fertiliser manufacturing plant, Engro's EnVen, has resumed production after a 55-day turnaround costing $50 million, coinciding with the ongoing wheat sowing season. The plant, with an installed production capacity of 1.3 million tonnes, returns to operation, but this will not offset the expensive import of urea as the government has approved importing 100,000 tonnes to maintain stocks during the winter crop production season. Speaking to The Express Tribune after a corporate briefing held by Engro Corporation, Optimus Capital Management's (OCM) analyst, Areeba Nasir, stated that there is no link between EnVen's return to production and the government's decision to import urea. Engro Fertiliser is also initiating a project to enhance gas production at a Mari field to sustain gas pressure necessary for chemical production.