Angola to build $2 billion fertilizer factory with two million tonnes annual production capacity
07-12-2017 06:25:36 | by: Bob Koigi | hits: 7067 | Tags:

The President and CEO of the Dannish group Haldor Topsoe has announced the construction of a factory in Soyo municipality, Zaire province with the capacity to produce two million tons of fertilizer per year.

The project is valued at two billion dollars, totally private and will be built in three years, according to the president of the group, Bjerne Clausen, who spoke to the press after an audience with the Angolan Head of State, João Lourenço.

The factory will create four thousand direct jobs and forty thousand indirect jobs.

Haldor Topsoe has already conducted a survey on the site where the factory will be built.

Between 2016 and 2017, the Angola’s import needs for fertilizers stood at 70,000 tons.