As reported by Reuters, Uralchem plans to build a fertilizer production plant in Angola.
The plant, with an annual capacity of 1.2 million tpy of urea, is expected to start production in 2023. The memorandum of understanding (MoU) for the project was signed by Uralchem and Angola’s Grupo Opaia SA on the sidelines of the Africa-Russia forum in Sochi, Russia.
The project will require between US$1.2 billion and US$1.3 billion of investment. Uralchem plans to attract bank financing for the project, while Opaia will be in charge of regulatory approvals of the project in Angola, supply of gas for the plant and choosing the location.
Read the article online at: https://www.worldfertilizer.com/project-news/25102019/uralchem-to-build-urea-production-plant-in-angola/
