Connect with us

NEWS

Osinbajo In Port Harcourt To Inaugurates $1.5billion Indorama Fertilizer Plant 

Published

on





A new world-class fertilizer plant built by Indorama Eleme Fertilizer and Chemicals Limited, will be inaugurated today (Thursday) by Acting President Yemi Osinbajo, SAN, in Port Harcourt, Rivers State.

According to a statement by Laolu Akande, Senior Special Assistant to the President on Media & Publicity, Office of the Vice President, the plant with production capacity for 1.5 million Metric Tons of Urea fertilizer is considered the world’s largest single-train Urea plant.

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

Advertisement

The Plant has a production capacity of 4000 metric tons (MT) of nitrogenous fertilizer per day or 1.5 MT per annum and was built with an investment of USD 1.5 billion.

The fertilizer plant is supported by a Port Terminal at the nearby Onne Port Complex, and a Gas Pipeline of 83.5KM for gas supply.

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.

Advertisement

Besides making fertilizer 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.

 

Advertisement
NEWS17 hours ago

Ned Nwoko’s Sports University Announces Admission for 2025/2026 Academic Session

FEATURED21 hours ago

Tinubu Hosts Ibori, Igbinedion, Other Class of 1999 Governors in Aso Rock Villa

Profiled
FEATURED22 hours ago

EFCC Uncovers Massive Scam Using Fake Airline Discounts, Reveals How Scammers Use ‘Promo’ Offers to Hijack Accounts

FEATURED23 hours ago

Kano TikToker, Musician Jailed for Naira Abuse

FEATURED23 hours ago

Ex-NHIS Boss,Femi Thomas, BDC Operator Convicted For $2,198,900.00 Fraud in Lagos

COMMUNITY REPORT1 day ago

DOPF Hails Delta Assembly on Passage of Community Security Bill, Urges Governor’s Swift Assent

FEATURED1 day ago

13% Derivation: N’Delta Leader, Okirika Hails Sen. Nwoko’s Push for Direct Allocation to Host Communities

FEATURED1 day ago

Delta Transfers Otor-Udu General Hospital to FG for FMC Establishment

stashed away
FEATURED1 day ago

Court Jails Man for Vandalising Delta Govt Property, to Clean Court Premises for One Year

FEATURED2 days ago

Delta Police Arrest 184 Suspected Internet Fraudsters, Busts Notorious Kidnap Gang

FEATURED2 days ago

Senator Nwoko Joins APC Leaders at Key NEC Meeting, Signals Delta’s Growing Political Influence

COMMUNITY REPORT2 days ago

WABMA Foundation, Partners Launch School-Based SGBV Sensitization Across Southeast

oil spill
FEATURED2 days ago

Senator Nwoko-led C’ttee Intensifies Moves to Expose and Dismantle Illicit Oil Theft Networks

FEATURED2 days ago

Controversy as PENGASSAN, NUPENG, Disrupt Academy Activity in FUPRE Despite Court Judgment Prohibiting Petroleum-based Unions

OPINION2 days ago

ANIOMA STATE: A BRIDGE OF UNITY AND BALANCE FOR THE SOUTHEAST AND NIGERIA, BY CHARLES UDE

Advertisement
Advertisement