The Angolan government plans to invest some $2.2 billion in a fertilizer complex that would produce 3,500 mt/d of urea, according to a report in Ver Angola. The foundation stone for the project is expected to be laid on June 28, according to the newspaper, with final construction completed in 2026. The project would serve the domestic market as well as exports, most likely to other African countries.
Financing is reported to be led by Afreximbank. Opaia Industria and Sonagas, a subsidiary of Sonangol, are reported to be involved in the project, as well as technology adviser Saipem.