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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Tata Chemicals to Invest in Fertilizer Complex in Gabon

10:47 AM MDT | April 15, 2011 | —deepti ramesh

Tata Chemicals (Mumbai) says it will invest $290 million to acquire a 25.1% stake in the first stream of a previously announced ammonia-urea complex at a port location in Gabon. Olam International (Singapore), a supply chain manager and processor of agricultural products and food ingredients, will have a 62.9% stake in the project and the government of Gabon will hold 12%. Olam announced late last year that it had agreed to form an 80-20 joint venture with the government to build the ammonia-urea complex (CW, Nov. 29/Dec. 6, 2010, p. 20). Olam and the Gabon...

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