Dangote ready to start production at his $2 bln fertilizer plant in Feb 2021
Africa’s richest man, Aliko Dangote is ready to start operations at its $2 billion fertilizer plant currently under constriction in Lekki free trade zone area of Lagos, this was according to Saipem SpA, the firm building the projects.
“We are picking up now that things are looking more stable and are currently very well advanced,” Coratella said Wednesday in an interview.
“We are in the commissioning stage of the first train; for the second, we will have that commissioning in six to seven months time.”
Test runs started at the plant in March, though hampered by the disruptions that came with the coronavirus pandemic, said Maurizio Coratella, chief operating officer of Saipem SpA.
Dangote is making special arrangements, including setting up dedicated flights for vendors and suppliers to enable it meet the completion deadline, he said.
Saipem’s operations in Nigeria, where it’s been in business for more than 50 years, span several industries including oil, gas and power. Among its four major construction contracts currently running in the West African country, it expects a 430-megawatt power plant being built for Eni SpA in the southern delta region to start operating within weeks.
The plant, which is a major component of a 650,000 barrel capacity petroleum refinery also being built by Dangote, has capacity to produce 3 million tons a year of urea and ammonia, making it the world’s biggest.
Saipem SpA is also in the early stages of revamping state-owned refineries in the oil-industry centers of Warri and Port Harcourt, Coratella said.
Four refineries with a combined capacity for 445, 000 barrel of crude run by Nigerian National Petroleum Corporation (NNPC) are shut for refurbishment and only due back to production in 2023.
Saipem is optimistic about winning its bid for Qatar’s liquefied natural gas expansion project. The firm and its partners who won a $4 billion contract to build Nigerian LNG Ltd.’s train 7 project, is eyeing “big LNG” and petrochemical projects in Southeast Asia, the U.S. and Russia while also looking at petrochemical deals, Coratella said.
“In terms of opportunities, most of them have been delayed to 2021,” he said.
* With Bloomberg report