Matix Fertilisers and Chemicals is building a greenfield fertiliser complex with a capacity of 3 MTPA in Panagarh, West Bengal.
In Phase I, the company is investing Rs. 6000 crores (approximately US$ 1.1 billion) to set up a 1.3 MTPA single stream 2,200 metric tonnes per day (MTPD) Ammonia plant and 3,850 MTPD Urea plant along with associated offsite and utilities. The plant will use energy efficient and latest technology from industry leaders Kellogg,
Brown & Root (KBR), USA and Saipem, Italy.
Matix Fertilisers and Chemicals Ltd. will be one of the world's largest single stream plants and the first with a feedstock supply made entirely of coal bed methane (CBM) gas. This will be sourced from the Raniganj block, near Panagarh in West Bengal.
The world-class plant is being developed with strategic international partners providing technology, basic & detailed engineering, procurement, construction and commissioning support.
This first-of-its-kind complex will be close to all the key markets in Eastern India. Matix Fertilisers and Chemicals will be supported by a strong dealer network and optimised transportation and distribution systems.
The project is due to be completed and the plant operational by 2015.
The fertiliser complex, located in Panagarh Industrial Park near Durgapur, adjacent to Highway NH2 and the Eastern Railway Network is easily accessible by road, rail and air.
The state-of-the-art plant will source feedstock locally and has a ready market for its product.
A strong distribution network will deliver high quality Urea to farmers in a cost effective and timely manner. It will improve agricultural productivity in the region and create direct and indirect employment. This project is of strategic importance to the country as it will save foreign exchange and reduce government subsidy costs.