Prime Minister Sheikh Hasina on Sunday (November 12, 2023) opened newly built Ghorashal-Palash Urea Fertilizer Factory (GPUFF), the largest of its kind in Southeast Asia, which will reduce the country’s dependence on fertiliser imports and create jobs. The annual production capacity of the environment friendly and modern fertiliser factory in Narsingdi is some 1 million metric tons, capable of producing 2,800 metric tons of urea daily. the local demand for urea fertilizer is some 26 lakh metric tons annually. If this newly built plant goes in full swing production, some 20 lakh metric tons of urea will be produced yearly in the country.So, the factory will play a leading role in meeting the growing demand of urea fertiliser, ensuring supply of fertilizers to farmers at affordable prices, saving foreign currency by reducing imports and creating employment opportunities. Bangladeshi farmers need to use fertilizer and water efficiently: Experts Bangladesh Chemical Industries Corporation (BCIC) has implemented the 'Ghorashal Polash Urea Fertilizer Project' on 110 acres of land at a cost of around Tk 15,500 crore. The construction work for the project began on March 10, 2020. Out of the total project cost, TK 4,580.21 crore came from the government exchequer while Tk 10,920 crore from Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFG Limited (MUFG) and the Hongkong and Shanghai Banking Corporation Limited (HSBC) as commercial loan. As per the instruction of Prime Minister Sheikh Hasina in 2014, the industries ministry took an initiative to set up a new granular urea fertiliser factory at the place of the existing two fertiliser factories - Urea Fertiliser Factory Limited (UFFL) and Polash Urea Fertilizer Factory Limited (PUFFL) at Ghorashal under Palash upazila in Narsingdi district. Mitsubishi Heavy Industries Limited (MHI) and China National Chemical Engineering No 7 Construction Co Ltd (CC-7) jointly constructed the factory, which will have an annual production capacity of 9.24 lakh metric tons. The daily production capacity of the new factory is about three times higher than that of the earlier two fertiliser factories. GPUFF is the first fertiliser factory in Bangladesh where the environmental pollutant Carbon-Di-Oxide (CO2) will be captured from the primary reformer flue gas and the production of urea fertilizer will be increased (about 10pc ) by using the captured CO2. The prime minister released a commemorative postage stamp, marking the inauguration of the factory. Earlier, PM Sheikh Hasina inspected the factory. Fertilizer price increased by 105% in Bangladesh since Russia-Ukraine war: Report