London—Elenilto, a subsidiary of Engelinvest Group, a privately held holding company owned by Israeli businessman Jacob Engel, announced March 23 that it has created a new division that will market phosphate and fertilizers to West Africa. The new division is being created prior to completion of Elenilto’s $1.4 billion phosphate project in Togo (GM Sept. 14, 2015). Elenilto says it will buy phosphate concentrates and fertilizers in the market and distribute them in West Africa, mainly to the ECOWAS (Economic Community of West African States) countries. The company said it would create distribution channels and required logistic facilities to bring the fertilizer to the farmers. It said once the Togo facility is complete, it will market Togo’s product exclusively to these markets. Plans call for the production of 5 million mt/y of rock, of which 60 percent will be exported. The remaining 40 percent will be used for downstream production of fertilizers. The proposed plant will have a capacity of 1.3 million mt/y and will produce DAP, MAP, and TSP for the regional West African as well as the international market. “Elenilto’s variety of fertilizer products and its location of its planned fertilizer plant will be our major advantage with the zero time and low distance to market, enabling it to enjoy its low logistic costs,” said CEO Alon Avadani. He earlier told Green Markets that the Togo facility will target South America, India, South Korea, and the Philippines. The timetable calls for mining operations to commence in 2018 and fertilizer production the following year. This will depend on a financial closing, which the company expects during 2016.
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