Notore Chemical Industries Plc says it is shutting down its 500,000 metric tonnes per annum (MTPA) fertiliser plant in Onne, Eleme Local Government Rivers state.
The company said in a statement signed by Otivbo Saleh, its secretary, the shut down was carryout a Turn Around Maintainance that would restore the plant to its nameplate capacity, thereby improving productivity and profitability.
Saleh added that the maintenance program, which was delayed by the coronavirus outbreak and has been scheduled to be completed by March 8, 2021.
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“The objective of the TAM is to return the Plant to its 500,000MTPA nameplate capacity and improve the reliability index to 95%.
“Although disruption to global businesses occasioned by the COVID-19 pandemic and its attendant restrictions by Governments all over the world affected the timely delivery of procured spares and the arrival to site of Vendor Service Men (VSM), the TAM is still on course and barring any unforeseen circumstance, it should be completed on 8th March 2021.
“Upon completion, we expect a significant improvement in the Plant’s reliability index and sustained daily production output of 1,500MT. Attaining this level of production will guaranty improved cash flow, increase in annual revenue as well as return the Company to profitability.”
