Fauji Fertilizer Company (FFC) is working on a coal gasification project to substitute natural gas, leveraging Pakistan’s large coal reserves, the company announced during a corporate briefing on Tuesday.
The briefing, attended by Topline Securities, highlighted that the project is in its early stages, with no cost estimates yet provided. FFC plans to share updates once significant progress is made.
Pakistan’s coal reserves are estimated at 186 billion tons, predominantly lignite found in the Thar Desert of Sindh.
FFC also confirmed that it is nearing the completion of its transition to full Shariah compliance, with management stating that the process is almost finished.
On the urea market, FFC expects 2025 industry urea offtakes to total 6.3 million tons, with inventory likely remaining under 1 million by December. The company anticipates a rebound in the first half of 2026, driven by improved farm economics for wheat and cotton.
Regarding exports, FFC clarified that no discussions are underway with the government, nor are exports being considered at this time.
