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Brass Fertilizer Signs Agreement to Construct $3.5b Urea/Methanol Facility

Source: www.gulfoilandgas.com 5/29/2014, Location: Africa

Brass Fertilizer Company Limited and a Danish Consortium led by Haldor Topsoe A/S are pleased to announce the signing of an agreement to participate in the design and construction of a $3.5 billion urea, methanol and gas processing plant on Brass Island, Bayelsa State, Nigeria. Taylor-DeJongh has been engaged as financial advisor for the project.

The project will be the single largest private sector investment in the Niger Delta region of Nigeria, creating 15,000 jobs during the construction phase, with the potential to create over 5,000 permanent jobs upon completion.

The plant is expected to be operational in 2018. The proposed plant will produce 3,850MT/day of urea, 5,000 MT/day of methanol and 500mmscf/day of natural gas. Gas feedstock is to be provided through a direct supply from Shell's OML 33 field. Project management consulting for the urea/methanol plant will be performed by Engineers India Limited (EIL), with the shortlisted EPC and O&M contractor to be selected in early June. Helm AG, a leading global chemicals marketer, has been confirmed as an offtaker.

For more information about related Opportunities and Key Players visit West Africa Projects

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