By Alex C
Brass Fertilizer Company Limited and a Danish Consortium led by Haldor Topsøe A/S have announced 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.
Taylor-DeJongh Limited, United Kingdom-based energy and infrastructure investment banking firm, has been engaged as financial advisor for the project, according to a statement posted on the company’s website.
The project will be the single largest private sector investment in the Niger Delta region, creating 15,000 jobs during the construction phase, with the potential to create over 5,000 permanent jobs upon completion, it said.
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 Oil Mining Lease (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, the statement said.
Brass Fertilizer Company Limited is leading the development of the urea, methanol and gas processing plant. Investors in the company include a subsidiary of DSV Group, a leading Nigerian provider of innovative solutions to the local pipeline industry, Haldor Topsøe, Maj Invest, Investment Fund for Developing Countries (IFU), Swedfund and the Bayelsa State Government.
The development will support Nigeria through the monetisation of gas, provision of fertilizer to the local market, and generate significant employment in the Niger Delta region.
Haldor Topsøe specialises in the production of heterogeneous catalysts and the design of process plants based on catalytic processes, with focus areas including the fertiliser industry, chemical and petrochemical industries, and the energy sector (refineries and power plants).
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