The Matix Fertilisers and Chemicals Ltd. has acquired land for the setting up of a nitrogen fertilizer plant at the Panagarh Industrial Park in Burdwan district, West Bengal. The company is expected to start commissioning the production unit sometime in 2013, and, in a first phase, it is likely to meet West Bengal’s demand for nearly 1.3 million tonnes of urea. The capacity is expected to become 3 million tonnes of urea by 2014. The fertilizer unit will use coal bed methane (CBM) as feedstock, and the cost of the project is of nearly one billion US$.
The total Indian urea production stood at 22 million tonnes in 2010-11, as against the annual demand of 28-29 million tonnes. The gap of 6-7 milion tonnes is met through imports. The Indian fertilizer ministry estimates say that by 2016-17, this demand could touch 34 mt.