15 July 2016

Matix Fertilisers and Chemicals Limited facing slow start

Matix Fertilisers and Chemicals Limited, promoted by Kanodia family of the Datamatics Group, facing a slow start due to partial availability of gas from Essar Oil Ltd's Raniganj field.

Essar Oil Ltd. has commenced supply of CBM, presently at around 200,000 scmd, for pre-commissioning activities to Matix Fertilisers.

The stranded Rs 6000 crore Marix Fertilizers that is wholly dependent on the scaling up of CBM production from Essar Oil, is the world’s largest single stream 1.3 MTPA urea plant and the first designed for CBM as the feedstock. 

The plant needs 2.4 mmscmd of gas but Essar will be able to ramp up production to 2 mmscmd only by March, 2017. Further the unit can go into full production only by mid 2017-18 when output will be ramped up further from the CBM field.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.

20 June 2016

IFFCO plans to buy fruit of Neem from farmers

India's largest fertilizer co-operative Indian Farmers Fertiliser Cooperative Limited (IFFCO) has come up with a scheme that will help farmers increase their income. It's a good news for farmers.

The company will purchase fruit of neem (nimori), usually discarded as waste, at the rate of Rs 15 a kilo. Farmers can visit any IFFCO office to sell nimori.

As the government has made it mandatory for fertiliser firms to produce neem-coated urea, the demand for neem extracts is expected to rise. The IFFCO has already planted over 1.5 lakh neem saplings.

Neem coated urea is eco-friendly, cost effective and has efficiency advantages. IFFCO also plans to process the nimori to make agro-based products like oil and fertilizers.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.

IFFCO plans to buy fruit of Neem from farmers

India's largest fertilizer co-operative Indian Farmers Fertiliser Cooperative Limited (IFFCO) has come up with a scheme that will help farmers increase their income. It's a good news for farmers.

The company will purchase fruit of neem (nimori), usually discarded as waste, at the rate of Rs 15 a kilo. Farmers can visit any IFFCO office to sell nimori.

As the government has made it mandatory for fertiliser firms to produce neem-coated urea, the demand for neem extracts is expected to rise. The IFFCO has already planted over 1.5 lakh neem saplings.

Neem coated urea is eco-friendly, cost effective and has efficiency advantages. IFFCO also plans to process the nimori to make agro-based products like oil and fertilizers.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.