Mitsubishi, Notore form JV for Nigeria ammonia, urea project

23 April 2012 14:54  [Source: ICIS news]

LONDON (ICIS)--Nigeria’s Notore has formed a joint venture with Mitsubishi to develop a project involving ammonia, urea and other chemicals, the fertilizer company said on Monday.

The project at Notore's facility at Onne, Rivers State, Nigeria, will involve the construction of an integrated plant complex with production capacities of 1,700 tonnes/day of ammonia, 3,000 tonnes/day of urea, and 1,500 tonnes/day of other chemicals.

An agreement has also been signed for Mitsubishi subsidiary Mitsubishi Heavy Industries to carry out the pre-front end engineering design (FEED) work 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),” said Notore.

The new plant is expected to come on stream by 2016 because is has the advantage of being built on a brownfield site with existing gas facilities and other infrastructure, it added.

Financial details of the project were not disclosed.

Mitsubishi Corporation is a Japan-headquartered global integrated business enterprise that develops and operates businesses across most industries, including industrial finance, energy, metals, machinery, chemicals, foods and environmental business.

By: Leigh Stringer
+44 208 652 3214

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