To ease your site search, article categories are at bottom of page.

November 28, 2010

Singapore-based firm in $1.3 billion fertilizer investment in Gabon

Singapore-based commodity firm Olam International Ltd. said in mid-November it will set up a $1.3 billion ammonia-urea fertilizer complex in the central African nation of Gabon. The project is a joint venture with the Government of Gabon, in which Olam will own an 80 percent stake.

Olam said in a statement the complex should commence operations by the first half of 2014 and run at a full capacity of 2,200 metric tonnes of ammonia and 3,850 metric tonnes of urea per day by the fiscal year of 2015, producing a total of 1.3 million metric tonnes of urea per annum.

"The investment will be financed on a debt/equity ratio of 65:35. The debt portion estimated at $845 million is expected to be entirely funded through non-recourse debt financing at competitive terms," the company said.

"Olam's share of the equity investment is estimated to be $364 million, to be phased across the three-year development and construction period."

Olam will either self-fund its portion of equity or partly sell down the investment through a partial sale to strategic or financial investors, it said.

Separately, Olam also said it has entered into another joint venture with the Gabon government to set up a 300,000 hectares palm oil plantation which will require an investment of $236 million over seven years.

Olam, which has 70 percent stake in the palm oil joint venture, said planting will start in 2012 and is targeted to be completed in 2016.


Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings expo exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture hydroponics ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maiz maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by

Back to TOP