India Sees Big Developments in Planned Fertilizer Projects
Fertilizer projects are a big business in India. At an industry conference last month, Shri Ananth Kuma, the Minister of Chemicals and Fertilizers and Parliamentary Affairs, thanked India’s fertilizer producers for achieving record production of urea in 2015-16, and urged the industry to work in tandem with the government to ensure food security.
IIR is tracking nearly 400 fertilizer industry capital and maintenance projects worth $14.78 billion in India, ranging in value from $913,200 to $736.4 million.
ONGC Business Development & Joint Ventures’ grassroot fertilizer complex in Dharmanagar, Tripura, has a total investment value of $733.4 million. The project is currently in the site selection phase, with Tata Consulting Engineers Limited serving as the front end engineering and design (FEED) contractor.
Using natural gas as its feedstock, the massive complex will produce about 1.3 million tonnes per year of fertilizers (ammonia and urea). Construction kick-off is slated for the end of 2017, with completion in the first quarter of 2019.
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