M a r k e t N e w s

Indorama to build fertiliser plant in Africa

Posted on : Wednesday, 19th November 2014

 Indorama management declared that all plans have been concluded towards the setting up of the plant, which will be Africa’s largest fertiliser unit.

According to managing director Manish Mundra, the project was part of the company’s effort towards making Nigeria the largest petrochemical location in Africa by the year 2017.

Mundra also said that Chinese company Toyo Engineering would handle the project and get its feed stock from natural gas.

The plant will be designed to produce 1.4mn tonnes of fertiliser annually.

Mundra revealed that the plant would be involved in the production of urea, NPK and other types of fertilisers, with production expected to start by Q4 2015.

Nigerian information minister Labaran Maku praised Indorama's performance, claiming that it had contributed greatly to the nation’s economy.

Source : www.africanreview.com
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