African Export-Import Bank and Africa Finance Corp. will act as the mandated lead arrangers.
IFFCO, the Indian fertilizer producer and marketer, has signed off the official acceptance certificate of a revamping project involving 13 fertilizer plants.
The urea ammonium sulphate facility at the Novomoskovskiy Azot plant is projected to reach a final production capacity of 600 tpd.
The company has received a non-binding indicative term sheet for a long-term concessional debt facility from the Northern Australia Infrastructure Facility of up to AUS$160 million.
The company believes there is potential to increase the sylvinite deposits at Sintoukola to between 1.5 and 1.9 billion t.
With granted mining leases in place, the Lake Wells sulphate of potash project in Western Australia is targeting the production of 150 000 tpy through an initial Stage-1 development, rising to 300 000 tpy on development of Stage-2.
The programme will add to the company’s growing local workforce, which is expected to reach 1000 jobs at full production.
EuroChem Group AG, a leading global fertilizer producer, and Belgium-based biotechnology company Aphea.Bio announce the signing of a research and development agreement.