subject: Matix Fertilisers Project - Overview Of Benefits [print this page] An agrarian economy chiefly depends on its agricultural produce. Agriculture and allied industries provide employment to around half of the Indian population and contributes 30% of GDP. India is the second most populated country in the world and it is observing a quick economic growth. These things demand a continuous increase in agricultural produce. With limited availability of arable land in India, the use of chemical fertilisers to increase the agriculture produce becomes a must. According to the current scenario, India is over dependent on import of chemical fertilisers. About 30% of the annual Urea requirement is currently imported. Especially the Eastern regions of India have observed a bigger shortfall. This implies it is very essential for the nation to increase its fertilizer productivity to be self-reliant in the production of food grains.
Matix Group being a world-class enterprise; has taken an initiative to develop a greenfield fertiliser complex with a capacity of 3 MTPA in West Bengal. Matix Fertilisers & Chemicals Project shall adhere to highest standards of environmental safety encouraging entrepreneurship with direct & indirect employment opportunities in West Bengal.
The Matix Fertilizers Plant is being developed with strategic international partners providing procurement, technology, basic and detailed engineering, construction and commissioning support. Urea production will use technologies developed by Saipem, Italy. Ammonia production will utilise the latest and most efficient technology provided by Kellogg Brown & Root, USA. The complex will house a 33 MW captive power plant with dedicated water reservoir, steam generation and other utilities.
For the marketing and distribution purpose, a network of 1200 wholesalers and 56000 retailers are already in place in the region. The major portion of the production (80-90%) will be done within 350 Km from the plant. The distribution will be done systematically by road and rail combination.
The benefits of this plant can be summarized as follows. With no current capacity in the region, the plant will meet the requirements of the core market & customers within a radius of 350 kilometers in West Bengal, Jharkhand, Bihar and Orissa. It will locally meet the shortfall of 1.3 MTPA. It will reduce the region's reliance on Urea imports. It will save foreign exchange and subsidy for the Government of India.
