Last updated on April 19, 2014 at 7:50 EDT

Notore Set to Increase Fertiliser Production Through Joint Development With Mitsubishi Corporation

April 24, 2012

LAGOS, Nigeria, April 24, 2012 /PRNewswire/ –

Notore Chemical Industries Limited (Notore), owner of the only urea fertiliser plant
in sub-Saharan Africa, has just signed a Joint Venture Agreement with Mitsubishi
Corporation at Mitsubishi’s corporate headquarters in Tokyo, Japan to develop an ammonia,
urea and other petrochemicals plant at its existing facility at Onne, Rivers State,

Mitsubishi Corporation is a global integrated business enterprise that develops and
operates businesses across virtually every industry including industrial finance, energy,
metals, machinery, chemicals, foods and environmental business.

The project will involve the construction of an integrated plant complex with
production capacities of 1,700 metric tonnes per day (MT/day) of ammonia, 3,000 MT/day of
urea and 1,500 MT/day of other petrochemicals.

An agreement was also signed with Mitsubishi Heavy Industries (MHI) in Japan to carry
out the pre-FEED for the project. It is expected that early works, (including FEED) should
be concluded in the first quarter of 2013. The early works phase will be followed by 36
months of Engineering, Procurement and Construction (EPC). The new plant, owing to its
advantage of being built on a “brown-field” site with existing gas facilities and other
infrastructure, is expected to come on-stream by 2016.

Notore commenced production of commercial quantities of ammonia in January 2010 and
granular urea in April 2010 at its 300,000 Metric Tonnes (MT)/annum ammonia and 500,000
MT/annum urea capacity plant. Today, the company has achieved its plant’s nameplate
capacity through a refurbishment and operational excellence programme that it embarked
upon. A debottlenecking exercise is planned for Q4, 2013 which will further increase
annual output to 430,000MT of ammonia and 750,000MT of urea.

Proven world class technologies will be deployed for the ammonia, other
petrochemicals, urea synthesis and urea granulation processes. The project has tremendous
environmental benefits. Natural gas, which is currently being flared in Nigeria, will be
utilized as the raw material for the production of these chemicals. The combined urea and
petrochemicals plant project will have the additional advantage of being more
environmentally friendly as excess carbon dioxide from the process would be further
utilized for the petrochemicals production. The plant will create about 1,000 direct jobs
and provide 10,500 indirect jobs nationwide. Over 2 million farmers would have access to
the fertilisers which could mean a ten-fold increase of their harvest with a rippling
contribution to Nigeria’s GDP to over N300billion.

SOURCE Notore Chemical Industries Limited

Source: PR Newswire