05 Nov Dangote fertilizer products to be in market by November ending
The Group Executive Director, Projects and Portfolio Management, Dangote Refinery, Edwin Devakumar has said that fertilizer products of the Dangote Group of Companies will be out in the market before the end of November 2020.
Devakumar also disclosed that Dangote Refinery is expected to be ready by the middle of next year as the construction of the refinery is still at 60 per cent while its overall percentage which consists of engineering, design as well as procurements is at 80 per cent.
On whether the refinery would have an impact on the price of fuel, he said that it is a basic principle of demand and supply.
“Dangote fertilizer products will be out in the market before the end of November (2020).
“Looking exclusively at construction, we have arrived at 60 per cent but overall, we are at 80 per cent.
“The reason is that we had the impact of the COVID-19 because many of the countries where our equipment was being manufactured were affected and so now we hope to complete everything and make it fit or ready by the middle of next year and then start the commissioning process which will take up to 3-4 months because it is a huge refinery.
“We will then start by bringing our products to the market. So by last quarter next year, we should have our products coming into the market.
“Where the demand exceeds the supply, the prices go up and when supply exceeds demand, the prices will come down”., He said.
Devakumar refuted reports that a worker was shot and killed by policemen while protesting at the Refinery on Tuesday.