Notore Chemical Industries, one of Africa’s leading fertilizer and agro-allied companies has secured the services of Accugas, a subsidiary of the indigenous oil and gas production company, Seven Energy.
Notore will be immensely relieved that its fertisliser plant now has a steady contract for the supply of 25 million cubic feet per day (Mcfpd), which it will use for feedstock.
Adequate gas supply is critical to Notore, which took over the fertiliser company built by the Federal Government in Onne. After reviving the company, it is now in a position to ramp up output from the plant now that it has been able to guarantee vital feedstock to the plant.
Seven Energy’s CEO, Phillip Ihenacho said: “We are happy to announce the formal commencement of gas deliveries to Notore Chemical Industries Plc through our subsidiary, Accugas, a clear demonstration of our commitment to drive the industrialisation of Nigeria through the development of the Country’s huge natural gas resources. Through the supply of our processed gas we are providing a new source of feedstock to meet the company’s increasing requirements, whilst directly enabling the production of fertiliser that Nigeria’s burgeoning agriculture sector desperately needs to grow.”
Seven Energy has earned its stripes as a national gas champion after investing $1 billion over the last 5 years in gas infrastructure. The company recently received recognition for its contribution to the development of domestic gas infrastructure after emerging winner of the Indigenous Firm of the Year Award conferred by the Petroleum Africa magazine.
Receiving the award, Ihenacho, said at the time: “It is a fantastic recognition of all our on-going efforts and achievements during 2014 in contributing to the development of the Nigerian gas market in a responsible way. We are committed to aiding the development of Nigeria’s gas resources, improving power supply and supporting local economic growth.”
The choice of Seven Energy as the Indigenous Firm of the Year was based on the Company’s achievements in 2014, which include the production and supply of gas to the Ibom Power Plant.