Matix Fertilisers and Chemicals Ltd is building a greenfield fertiliser complex with a capacity to produce 3 MTPA urea at Panagarh near Durgapur, West Bengal.
In Phase I, the company has invested Rs. 6000 Crores to set up a single stream 2,200 Metric Tonnes Per Day (MTPD) Ammonia plant and 3,850 MTPD Urea plant (1.3 MTPA) along with associated offsite and utility facilities. The plant will use energy efficient and latest technology from industry leaders Kellogg,
Brown & Root (KBR), USA and Saipem, Italy.
The plant will be one of the world's largest single stream plants and the first with a feedstock supply 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. The plant production will be supported by a strong dealer network and optimised transportation and distribution systems.
The project construction is almost completed and plant shall be operational in early 2017.
The plant complex is 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.