Osinbajo To Inaugurate $1.5bn Indorama Fertiliser Plant In Port Harcourt

0
584

By Jonathan Nda- Isaiah

Acting President Yemi Osinbajo, will inaugurate a new world-class fertiliser plant built by Indorama Eleme Fertiliser and Chemicals Limited, today in Port Harcourt, Rivers State.

In a statement by his spokesman, Laolu Akande, the plant with production capacity for 1.5 million Metric Tons of Urea fertiliser is considered the world’s largest single-train Urea plant.

According to him, Eleme Petrochemicals Company Ltd, now Indorama Eleme Fertiliser and Chemicals Limited was privatised in 2006 after the sale of Federal government’s 75 percent shares to a core investor through a competitive bidding process.

He explained that the Plant has a production capacity of 4000 metric tons (MT) of nitrogenous fertiliser per day or 1.5 MT per annum and was built with an investment of USD 1.5 billion.

He stated that the fertiliser plant is supported by a Port Terminal at the nearby Onne Port Complex, and a Gas Pipeline of 83.5KM for gas supply.

Akande said, The plant will bring about a green revolution in the agriculture sector not only in Nigeria but also in other parts of Africa and beyond, in line with the economic diversification of the Buhari administration.

“Besides making fertiliser available to farmers nationwide at affordable cost, the plant will also boost crop yield for farmers and help in minimizing the food grain deficit in Nigeria.”

 

.