LAGOS, Nigeria, April 24, 2012 /CNW/ - Notore Chemical Industries
Limited (Notore), owner of the only urea fertiliser plant in
sub-Saharan Africa, has just signed a Joint Venture Agreement with
Mitsubishi Corporation at Mitsubishi's corporate headquarters in Tokyo,
Japan to develop an ammonia, urea and other petrochemicals plant at its
existing facility at Onne, Rivers State, Nigeria.
Mitsubishi Corporation is a global integrated business enterprise that
develops and operates businesses across virtually every industry
including industrial finance, energy, metals, machinery, chemicals,
foods and environmental business.
The project will involve the construction of an integrated plant complex
with production capacities of 1,700 metric tonnes per day (MT/day) of
ammonia, 3,000 MT/day of urea and 1,500 MT/day of other petrochemicals.
An agreement was also signed with Mitsubishi Heavy Industries (MHI) in
Japan to carry out the pre-FEED for the project. It is expected that
early works, (including FEED) should be concluded in the first quarter
of 2013. The early works phase will be followed by 36 months of
Engineering, Procurement and Construction (EPC). The new plant, owing
to its advantage of being built on a "brown-field" site with existing
gas facilities and other infrastructure, is expected to come on-stream
Notore commenced production of commercial quantities of ammonia in
January 2010 and granular urea in April 2010 at its 300,000 Metric
Tonnes (MT)/annum ammonia and 500,000 MT/annum urea capacity plant.
Today, the company has achieved its plant's nameplate capacity through
a refurbishment and operational excellence programme that it embarked
upon. A debottlenecking exercise is planned for Q4, 2013 which will
further increase annual output to 430,000MT of ammonia and 750,000MT of
Proven world class technologies will be deployed for the ammonia, other
petrochemicals, urea synthesis and urea granulation processes. The
project has tremendous environmental benefits. Natural gas, which is
currently being flared in Nigeria, will be utilized as the raw material
for the production of these chemicals. The combined urea and
petrochemicals plant project will have the additional advantage of
being more environmentally friendly as excess carbon dioxide from the
process would be further utilized for the petrochemicals production.
The plant will create about 1,000 direct jobs and provide 10,500
indirect jobs nationwide. Over 2 million farmers would have access to
the fertilisers which could mean a ten-fold increase of their harvest
with a rippling contribution to Nigeria's GDP to over N300billion.
SOURCE Notore Chemical Industries Limited
For further information:
Caroline Okafor, Head, Corporate Communication, email@example.com; Ngozi Mba, Corporate Communications, Ngozi.firstname.lastname@example.org +234-1279-808182