The Senior Special Assistant to the Acting President on Media and Publicity, has announced in a statement issued in Abuja that Osinbajo will be inaugurating the world's biggest fertilizer plant in Rivers state.
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Acting President Yemi Osinbajo will visit Port Harcourt, on Thursday, to inaugurate the world’s biggest fertiliser plant built by Indorama Eleme Fertiliser and Chemicals Limited.
Mr Laolu Akande, the Senior Special Assistant to the Acting President on Media and Publicity, made the announcement in a statement issued in Abuja on Wednesday.
According to the presidential aide, the plant with production capacity of 1.5 million metric tons of Urea fertiliser is considered the world’s largest single-train Urea plant.
Eleme Petrochemicals Company Ltd, now Indorama Eleme Fertiliser and Chemicals Limited, was privatised in 2006 after the sale of Federal Government’s 75 per cent shares to a core investor through competitive bidding process.
The plant has a production capacity of 4,000 metric tons of nitrogenous fertiliser per day. It was built with $1.5 billion dollars.
The opening of the plant is expected to boost the agriculture sector not just in Nigeria, but also in Africa and beyond.
Akande said fertiliser from the plant would be made available to farmers nationwide at affordable cost.
This will boost crop yield for farmers and help in minimising food grain deficit in Nigeria, Akande said.
The plant consists of 2300 TPD Ammonia plant, 4000 TPF Urea plant, 83 km long Gas Pipeline, and an Export Port Terminal.
The main plant, measuring approximately 40 hectares, is located within the perimeter of Indorama’s existing petrochemical site in Port Harcourt.
The Gas Pipeline for the fertiliser plant was constructed by IEFCL within an existing 15 meter wide Right of Way (“ROW”).
Part of the $1.5billion was used to build a new jetty at Onne Port on a plot of land measuring approximate 6 hectares
The jetty comprises 320 m long Quay along with terminal infrastructure including all material handling facilities necessary for urea and a urea storage facility with a capacity of 45,000 MT.
The transfer of urea from the fertiliser plant will be by road via an existing road network.
Construction of the new fertiliser plant commenced in early 2013 with commissioning coming two years later than planned.