Moroccan phosphate producer, OCP Group, expects a projected $1.3 billion ammonia plant in Nigeria to start producing towards the end of 2023.
The plant which would be built in the oil-rich South-Eastern Nigeria is part of OCP’s push to step up investment in phosphates-based fertilisers in Africa.
The factory which is expected to deliver an annual production capacity of 750,000 tonnes of ammonia and 1 million tonnes of fertilisers, would export ammonia to Morocco’s plant in Jorf Lasfar, while Morocco would supply phosphoric acid to make fertiliser.
Read More: Reuters