04 January 2013 12:24 [Source: ICIS news]
LONDON (ICIS)--Poland’s Zaklady Azoty Tarnow (ZAT) is examining the prospects for a possible fertilizer investment in Kenya, a source at the chemical group said on Friday.
The country offers an attractive fertilizer market because, among other things, it is the third largest exporter of cultivated roses in the world, he added.
A ZAT plant would aim to replace some of the 500,000 tonnes/year of imported fertilizer that Kenya consumes, the source said.
However, with ZAT busy trying to complete its proposed merger with fellow Polish fertilizer group Zaklady Azotowe Pulawy (ZAP) to finalise the creation of Grupa Azoty, and attempting to resolve the future of other proposed investment projects, any decision on a commitment to a project in Kenya was some way off, he noted.
Investment executives at ZAT are also weighing up the feasibility of developing a 1m tonne/year petrochemical complex in Gdansk, northern Poland, with refiner Grupa Lotos and are considering whether to persist with a project to construct a caprolactam (capro) plant in China or Taiwan in a joint venture with ZAP.
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