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Brunei Fertilizer Industries
The Brunei Fertilizer Industries (BFI) is a State-owned enterprise, government owned company and producer of ammonia and urea granular fertilizer, located in Kampong Sungai Liang, Sungai Liang Industrial Park (SPARK), Belait District, Brunei. It is claimed to be one of the largest fertilizer facilities in Southeast Asia, and has a production capacity of of urea annually. The facility for BFI started being built in May 2018 and 500 jobs were expected be created when the plant was fully operating. The PMB Refinery and Petrochemical Plant at Muara Besar Island, Pulau Muara Besar and the BFI Plant are Brunei's two major Downstream (petroleum industry), downstream Fossil fuel, oil and gas developments. The plant is divided into three sections: onsite utilities, ammonia plants, and urea plants. The export of the goods will go to the local agricultural sector. Production With 1.29 million tonnes per annum (mtpa), urea has the largest capacity share, accounting for 63.9% of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |