With the coming on stream of Dangote Fertiliser Limited, global urea capacity is poised to see considerable growth over the upcoming years, potentially increasing from 222.96 million tonnes per annum in 2020 to 305.92 mtpa in 2030, registering a total growth of 37%, a report by GlobalData has said.
The 3.0 million metric tonnes of Dangote fertiliser plant and around 88 planned and announced plants are scheduled to come online, predominantly in Asia and Africa, over the next five years.
GlobalData, which made this announcement in its Global Urea Capacity Additions by 2030, released recently, hinted that the completion of Dangote fertiliser has made Nigeria the third-highest country in terms of capacity additions, with a capacity of 11.58 million tpy by 2030.
“Major capacity additions will be from two planned plants Dangote Group Lekki Urea Plant 1 and Dangote Group Lekki Urea Plant 2 with a capacity of 1.50 million tpy each by 2030,” it added.
Dangote fertiliser plant has however placed Nigeria in the third position among other countries, like Iran and India that will lead in global urea capacity growth by 2030.
The report classified Dangote Industries Limited, Nagarjuna Fertilisers and Chemicals Limited and Fertiliser Corporation of India Limited as the top three companies globally in terms of planned capacity addition to global urea production by 2030.
Dangote Industries Limited has completed the largest fertiliser Plant in West Africa. The Dangote Fertiliser Project is the largest Granulated Urea Fertiliser complex in the entire fertiliser industry history in the world, with an investment of $2.5 Billion capacity of 3 Million Tonnes Per Annum TPA. The Dangote Fertiliser complex consists of Ammonia and Urea plants.
Speaking during the truck out of urea fertiliser recently, Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin, revealed to the press over the weekend that the Plant, which has the capacity to turn out more than 4,500 tonnes of urea per day will conveniently meet the local demand and even produce for exports.
Speaking on this feat, a professor in the African- American Studies department at Hunter College United States, Ehiedu E. Iweriebor stated that Dangote Fertiliser plant, which is a component of the refinery and petrochemical complex, has become a national, continental and global game changer.