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Tag: Investment

Dangote to fund new urea plant

Aliko Dangote, self styled “Africa’s richest man”, has signed a $2.5 billion partnership with the Ethiopian Government to build one of the world’s largest single-site fertiliser plants in Gode, Somali Regional State. The was signed on August 28th by Dangote Group and Ethiopian Investment Holdings, the government’s strategic investment arm. Under the agreement, Dangote Group will hold a controlling 60% equity share, with EIH taking the remaining 40%. EIH says that the facility will be “among the top five largest urea production complexes globally… with production facilities boasting a combined capacity of up to three million metric tons per annum.” The project will take gas feedstock via pipeline from the Calub and Hilala gas fields, with provisions for future expansions into ammonia-based fertilisers.

CIPL to build phosphoric acid plant by 2027

Caitlyn India Pvt Ltd (CIPL) has announced a $46 million investment to build a 50,000 t/a phosphoric acid plant in India. The plant aims to reduce import dependence and boost the country’s fertiliser self-sufficiency. Commissioning is planned for the financial year 2027. The facility, to be set up in a port-accessible industrial zone in southern India, will use hemihydrate-dihydrate technology to produce high purity phosphoric acid and cleaner gypsum by-products. A captive sulphuric acid unit will also be included to support efficient operations. Initially, the acid produced will supply Indian fertiliser manufacturers, with plans for captive use in future fertiliser production.