Georgetown, Guyana-based GAICO Construction and General Services Inc. is set to open a new fertilizer blending plant in the country by mid-2024.
The pre-fabricated plant was purchased from US fertilizer equipment supplier Sackett-Waconia and the components are expected to arrive in Guyana later this year, according to a News Guyana report, citing GAICO Business Development Manager Khishan Singh.
The Guyanan company began making preparations for the $6 million fertilizer blending plant last year. While the exact location has yet to be determined, the plant is likely to be situated in West Bank Demerara, according to the report.
The project is aimed at reducing the amount of fertilizers imported annually into Guyana and potentially lowering the cost of these inputs to the country’s farmers.
Ammonia-based compounds and urea are the most used fertilizer products in Guyana, with the country importing about 45,000 mt of these products annually, according to the report.