Dangote Industries Secures $4.2B Gas Supply Deal with GCL Group for Ethiopia Fertilizer Plant
Dangote Industries Limited has signed a $4.2 billion, 25-year agreement with China's GCL Group to supply natural gas for a major fertilizer project in Ethiopia. The planned 3-million-tonne-per-year urea fertilizer complex, valued at $2.5 billion, will be developed as a joint venture between Dangote Group and Ethiopian Investment Holdings. Construction is set to be completed by 2029, establishing the facility as East Africa's largest fertilizer production hub.
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Dangote Industries Limited has finalized a $4.2 billion, 25-year natural gas supply agreement with China's GCL Group for a fertilizer complex in Ethiopia. The 3-million-tonne-per-year urea production facility, valued at $2.5 billion, is a joint venture with Ethiopian Investment Holdings, holding 60% and 40% stakes respectively.
Construction is expected to conclude by 2029, enabling the complex to meet Ethiopia's urea needs and serve regional markets. The partnership aims to enhance agricultural productivity and reduce dependence on imports.
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