India’s Deepak Fertilisers plans $350m AN unit in Australia

31 March 2011 06:52  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) plans to build a 300,000 tonne/year technical ammonium nitrate (AN) facility in South Australia at a cost of about $350m (€249m), the company said late on Wednesday.

“This would be the first such plant in SA [South Australia],” it said in a statement, adding it would provide cost-effective supplies of the material primarily to local end-users.

The government of South Australia has identified a potentially suitable site for the project, which is close to a deep-sea port and nearby city.

This will enable DFPCL to proceed with a detailed feasibility report, environment impact assessment study in the next 12-15 months. The project will be completed 24 months thereafter, the statement said.

DFPCL is a leading manufacturer of chemicals and fertilisers in India. The company’s total manufacturing capacity of technical AN now stands at nearly half a million tonnes/year.

($1 = €0.71)

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By: Tahir Ikram
+65 6780 4359

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