LONDON, March 23, 2016 /PRNewswire/ --
ELENILTO, a global Oil & Gas and Minerals E&P company, announced the formal creation of a new division that will market phosphate and fertilizers to West Africa.
The new division shall market in the first stage, phosphate concentrates and fertilizers that will be bought in the market and will be distributed to West Africa and mainly the ECOWAS countries. ELENILTO is creating its distribution channels and required logistic facilities to bring the fertilizers to the farmers.
As soon as the Togo phosphate and fertilizers project will come to production, ELENILTO will market through this division exclusively Togo's produced fertilizers to West Africa. The project aims at establishing a world class phosphate and fertilizer production facility to provide phosphates from rock to fertilizer to both the international and local African market. The project has recognized the potential of Africa, in general, and particularly West Africa to provide the food provided for the growing world population.
The Fertilizers market in West Africa is not established yet, mainly due to lack of distribution channels to the end users, the farmers, which controls the mass food production and fertilizer consumption. West Africa usage of fertilizers is low and there is not a great deal of continuity in the type of fertilizer imported into each country during the period reviewed. Currently Fertilizer application rates in the ECOWAS countries are estimated to be only about 10 kg/ hectare compared to average of 100 kg per hectare in Europe and the USA.
"ELENILTO's variety of fertilizer products and its location of its planned Fertilizer plant will be our major advantage with the zero time and low distance to market, enabling it to enjoy its low logistic costs," said Mr. Alon Avadani, ELENILTO's CEO.
ELENILTO is evaluating the factors influencing the increase in fertilizer application rates and the production and marketing of the most cost effective type of P, NP and NPK fertilizers. The products for the Local Market will be tailored and formulated to the specific crops, climate and type of farming in each area. Many of these formulations will be based on rock concentrate (PR), Partially Acidulated Rock Phosphate (PAPR) and SSP (Single Super Phosphate) as these fertilizers containing Sulfur in addition to P2O5 are especially effective as fertilizers for cash crops. Additional application rates plus the increase in areas for agriculture will provide the potential for the growth potential and development of the local fertilizer market
Among the presentations given at the recent Paris CRU PHOSPHATE CONFERENCE 2016, ELENILTO presented the scope and the exploitation and marketing of the carbonate phosphate and fertilizers in Togo.
Aware of the extended time that such an enterprise will take, Elenilto has already started with the planning and implementation of the necessary infrastructure required for penetrating and sustaining presence in the market. Approaches are already being made for possible mergers and acquisitions with local agents and distributers, to allow for the immediate marketing of suitable fertilizer formulations by using available blending plants and distribution centers.
Elenilto will also cooperate with various institutions that can provide the project with the necessary agronomical, agricultural and educational institutions that will become an integral and in fact one of the dominant divisions of its Togo phosphate Project.
About ELENILTO
ELENILTO, owned by the Israeli billionaire, Jacob Engel, will develop the 2 billion tons phosphate deposit in Togo, one of the largest phosphate deposits in the Sub Sahara region, situated only 30 km from the sea shore, between the present phosphate mine and the sea. The proximity of the mine to the fertilizer site and the port main logistic hub and, the low transportation cost of project have the potential to provide phosphate at a highly competitive cost in the market
Contact:
Alon Avadani, CEO
Elenilto
Tel: +44-20-8457-7249
Elenilto@elenilto.com
http://www.elenilto.com
