BREAKING NEWS

    Dangote Group US$2 Billion Fertilizer Plant be Ready to Start Production

    Posted On 27 Jul 2020
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    Comments: 30

    By Richard Adorsu-

    Photo Credit: Pulse

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana- Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production late this year.

    Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district of Nigeria’s commercial hub, has a name-plate capacity of 3 million tons a year of urea and ammonia, making it the world’s biggest. It is in the vicinity of a 650,000 barrels a day Dangote oil refinery also under construction.

    Test runs started at the plant in March, though they were hampered by the disruptions that came with the coronavirus pandemic, said Maurizio Coratella, chief operating officer of Saipem SpA.

    “Train two commissioning and testing will start soon, as such activities will be overlapped with train one,” Coratella said. “The project is planned for completion within the end of 2020, with train one starting production within weeks and train two following soon after.”

    Saipem is making special arrangements, including setting up dedicated flights for vendors and suppliers to enable it meet the completion deadline, he said.

    Saipem’s operations in Nigeria, where it’s been in business for more than 50 years, span several industries including oil, gas and power. Among its four major construction contracts currently running in the West African country, it expects a 430-megawatt power plant being built for Eni SpA in the southern delta region to start operating within weeks.

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    The company is among bidders for Royal Dutch Shell Plc’s Bonga offshore oil-field expansion and is also in the early stages of revamping state-owned refineries in the oil-industry centers of Warri and Port Harcourt, Coratella said.

    Four refineries with a combined capacity for 445,000 barrels of crude run by Nigerian National Petroleum Corporation are shut for refurbishment and only due back in production in 2023.

    Saipem is among three joint ventures that bid for engineering work for Qatar’s liquefied natural gas expansion project. The firm and its partners who won a $4 billion contract to build Nigerian LNG Ltd.’s train 7 project, is eyeing “big LNG” and petrochemical projects in Southeast Asia, the U.S. and Russia, Coratella said.

    “In terms of opportunities, most of them have been delayed to 2021,” he said.

     

     

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    1. Akin July 27, 2020 at 1:24 am Reply

      Journalist Richard thank for your beautiful report. Yes, they don’t report good news of our great continent. But new Africa business news reports the accurate news. Like it or not Africa is the future. Akin in Lagos Nigeria

    2. Betty July 27, 2020 at 1:29 am Reply

      Aliko Dangote is another African success story. Look he made all his billions in our great Continent. London England. Betty

    3. Emilohi July 27, 2020 at 1:35 am Reply

      Thank you for your reporting’s. I love your brand. Feeding us accurate news of our great continent. Abuja Nigeria. Emilohi

    4. Rachel July 27, 2020 at 1:50 am Reply

      Don’t believe what they showing you on their televisions about Africa. Seeing is believing. Are fake news. If you are black or African origin, any where in the world. Africa need you to come back home. Thank you to your team. I love New Africa Business news. Regular reader. Rachel in Johannesburg South Africa

    5. Lily July 27, 2020 at 1:59 am Reply

      I love you feeding us with accurate news of Africa. Learning a lot about Africa. Following your online newspaper on face book. I recommended it to my family and friends to check it out. Thank you. Lily Edinburgh Scotland

    6. Samantha July 27, 2020 at 2:17 am Reply

      Thank you, love new Africa business news. Am an African American. All that they told us about Africa. All lies. Please come home. We moved to Ghana March of 2018. We then bought a land and just complete building our dream home. We just started a business, but the sky is the limit. Our Ancestors are calling us to come back home. Yes am very happy for Billionaire Dangote, on this report. Samantha in Greater Accra, Ghana

    7. Victoria July 27, 2020 at 2:26 am Reply

      Samantha, we also moved to Ghana. We are black British from Bristol UK. Best decision we ever made. Fan of your great online newspaper thanks and thank you, Ricard for your report. Accra Ghana. Victoria

    8. Audrey July 27, 2020 at 2:48 am Reply

      Aliko Dangote’s business success achievements and continue achieving success, is a great motivation for us young Africans. Windhoek in Namibia. Audrey

    9. Malebogo July 27, 2020 at 2:55 am Reply

      Thank you for signing me to new Africa business news, newsletter. Gaborone Botswana. Malebogo

    10. Chante July 27, 2020 at 3:12 am Reply

      Am 24 years old, African American from Atlanta Georgia from the US. recently moved to Accra. Great place to live. I fell lot safer in Africa than in Atlanta. Lot of opportunities. Love Africa. Chante in Accra Ghana

    11. Adrianus July 27, 2020 at 3:21 am Reply

      We also moved to Africa. Black Europeans. We move from Amsterdam to Kumasi. Great place to raise kids. Friendly place. Our two boys love the place. Adrianus in Kumasi GHANA

    12. Jocelyn July 27, 2020 at 3:29 am Reply

      Thank you for reporting, am fan of your online newspaper. Following the newspaper on face book. Love you covering the whole Continent. Love Africa and the people. Jocelyn in Frankfurt Germany

    13. paul roni July 27, 2020 at 3:40 am Reply

      Love your newsletter and thanks for signing me. Love consuming accurate news from our continent. Libreville in Gabon. paul roni

    14. Marcus July 27, 2020 at 3:47 am Reply

      We live in London and black British, moving to Africa in September. We can’t wait. Marcus in London England

    15. Barbara Ofosuhene July 27, 2020 at 3:45 pm Reply

      Time for the African continent to shine, the sky is the starting point. Thank you Richard for positively reporting on Africa. Barbara,Accra, Ghana.

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