05 September 2013 13:57 [Source: ICIS news]
LONDON (ICIS)--The inaugural granular urea cargo produced at the $2bn (€1.52bn) Sorfert plant in Algeria will definitely load this month after the nitrogen fertilizer manufacturer issued a sales tender for 20,000 tonnes for prompt lifting, market sources revealed on Thursday.
Invitations for the tender, which closes on 10 September, were sent out yesterday and the product is available immediately following the 20 August start-up of the plant's two urea lines.
Both the facility's ammonia lines are also now functioning and the producer expects the first ammonia export cargo to load later this month or in early October.
However, the supplier has yet to decide whether the inaugural ammonia cargo will be sold via a tender or on a spot basis.
Once fully operational, Sorfert will produce 800,000 tonnes/year of merchant ammonia and 1.3m tonnes/year of granular urea for export. Ammonia will be pumped via a pipeline to Arzew port, and the urea will be moved by road to warehouses at the dockside.
OCI Nitrogen NV holds a 51% stake in the joint venture, and Algeria's state-owned oil and gas producer Sonatrach a 49% share.
($1 = €0.76)
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