National Fertiliser Company of Nigeria (NAFCON) was incorporated as a joint venture between the Federal Government of Nigeria –70% –and Kellogg Brown and Root (KBR) –30%.
Plant commenced the production of fertiliser and was subsequently officially commissioned with a design capacity of 1,500 MT/d of urea.
NAFCON began to decline.
NAFCON was shut down following key equipment failure.
O’secul Nigeria Limited won the bid to acquire the assets of NAFCON for $152M USD in an asset purchase transaction under the privatisation programme of the Federal Government of Nigeria. Notore Chemical Industries Limited took over assets of NAFCON.
Notore signed Gas Supply Contract for 20 years with Nigerian Gas Company.
Notore raised a record $222M USD facility from a syndicate of Nigerian Banks.
Dredging of the private jetty was completed and the first Ship arrived at the Notore Jetty.
Production of Ammonia commenced in January. Production of Urea commenced in July. Notore and Taraba state signed a Memorandum of Understanding for the establishment of a rice mill. Notore and Cross River state signed a Memorandum of Understanding for the establishment of a rice mill.
Notore signed Technical Advisory Service Agreement (TASA) with Tata Chemicals Limited of India.
Notore signed Joint Venture Agreement (JVA) with Mitsubishi Corporation of Japan to build a new plant on the current facility premises in Onne.