Gas Authority of India to establish fertilzer factory in Ghana.
Posted by on March 19, 2010 at 1:31 pm in Business, Other Business Stories(From: George-Ramsey Benamba, GNA Special Correspondent in New Delhi, India)
GNA – Gas Authority India Limited (GAIL), a
gas producing firm and its subsidiary Companies in India on Wednesday
expressed their interest in establishing a ferilizer factory in Ghana
to serve farmers within and outside Ghana.
The factory would be sited at Shama in the Western Region as soon
as the final negotiations for its establishment are completed within
this year.
Vice President John Dramani Mahama announced these after holding
bilateral talks with a number of Indian based companies to explore the
possibility of using gas products when Ghana begins to drill oil and
gas by the end of this year.
He said apart from producing the fertilizer to serve domestic
farmers, the company when established would also explore markets in
neighbouring, Burkina Faso, Ivory Coast, Togo, Benin and Nigeria.
“The Company will also come out with Liquified Petroleum Gas to
serve public transport systems that would utilize gas as fuel for
their vehicles, as that is comparatively cheaper than other petroleum
products.”
The Vice President appealed to the Company which is also engaged in
transport business to consider carrying out feasibility studies on the
need to introduce vehicles that would rely on the use of gas to create
a ready market for their products.
Älthough we have not reached there yet, ultimately we shall be
negotiating with transport companies within and outside the country to
make use of liquified gas which is not only cheaper, but also
environmentally friendly to use in the country.
Mr. Rabi Gayen, Deputy General Manager, in charge of Business
Development for GAIL, gave the assurance that when given the final
go-ahead to establish the factory, they would satisfy both Ghanaian
domestic market and the outside world in the provision of fertilizers,
vehicles for public transport, training programmes for staff and
provision of scholarships for the upgrading of knowledge.
He said the Company has the state of the art technology with a work
force of 3,500 that was capable of replicating in Ghana its
achievements in Oman, Egypt, China, and the United States of America.
“We are not only into gas and fertilizer products, but we are also
into petrol chemicals, Natural gas transmission, training programmes
for staff and other people interested in engaging in the gas
industry,” he said.
GNA



