The Fertilizer Project will help fund a synthetic nitrogen fertilizer plant to be built near Reykjavik.
The $850,000 loan will finance the building of a synthetic nitrogen fertilizer plant near Reykjavik with an annual capacity of 18,000 metric tons of ammonium nitrate equivalent to about 6,000 metric tons of pure nitrogen. Nitrogen is the most essential fertilizer for good grass production in Iceland and a continuous and ample supply is needed for the agricultural development program. The fertilizer plant will mainly use power from the Sog hydroelectric plant and will be able to produce fertilizer at a cost below the import price.
The profile contains project and financial information and lists of project documents and archival records.
The memorandum contains a list of participants and a description of decisions made at the first negotiations meetings (1361745).
The report provides background on the proposed loan including sector history, loan characteristics, completed tasks, and steps to be taken (1361745).
Mr. Stevenson will head the mission to Iceland to obtain information needed in connection with the Icelandic government's request for a loan for a fertilizer plant (30346697).
Bank loans financed the import of materials and machinery for modern farm operations and the construction of a fertilizer plant. This is a view of a fertilizer plant near Reykjavik (1722316; Credit: The World Bank).
The hydrogen tank at the fertilizer plant near Reykjavik (1722316; Credit: The World Bank).
The report appraises the technical and business aspects of the project.
The report examines the loans' disbursement, end use, and service.