# OCP Group hangs on its ambitious plans - Fertilizer Daily

> OCP Group plans a $1.3 billion chemical plant in southeastern Nigeria, due in 2023, to produce 750,000 tonnes of ammonia and 1 million tonnes of mineral fertilizers per year. The company also aims to raise its Nigerian fertilizer supply from 1 to 3 million tonnes over five years.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: market · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/55406-ocp-group-hangs-on-its-ambitious-plans-fertilizer-daily
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

This is a long-dated capacity project with no near-term effect on supply, so it has little immediate price impact on phosphate or ammonia markets.

## Read by commodity

- DAP: neutral
- UREA: neutral

## Sources

- fertilizerdaily.com: https://www.fertilizerdaily.com/20200129-ocp-group-hangs-on-its-ambitious-plans/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.