Indian Fertilizer Firm Plans Mozambique Fertilizer Plant

RCF Rashtriya Chemicals and Fertilizers (RCF; Mumbai) is in discussion with South African state-owned financial investment group Industrial Development Corp. (IDC; Sandton, South Africa) to set up a $2-billion fertilizer manufacturing complex in Mozambique, Indian government officials say. Phosphate and phosphoric acid producer Foskor (Midrand, South Africa) also is participating in the deal. The proposed complex would have capacity to produce 1.2 million m.t./year of urea and 650,000 m.t./year of phosphate. The facilities would use low-cost gas provided by...

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