Expansion into Africa

FertiStream DMCC signs agreement to acquire Nutrisource PTE Ltd., including its Togo fertilizer blending plant Nutrisource Togo SARL.

FertiStream DMCC (hereafter “FertiStream”), a leading global fertilizer trader and distributor, announces that on June 19, 2024, it signed an agreement to purchase a 100% share in Nutrisource PTE Ltd. (hereafter “Nutrisource”), a Singapore-based holding company with fertilizer assets on the African continent, including a newly built fertilizer blending facility in Togo with an annual capacity of up to 200,000 metric tons. This acquisition further strengthens FertiStream’s regional footprint in emerging fertilizer markets and underlines its commitment to African agriculture.

Jacques Lubbe, the owner and the CEO of FertiStream Holding

“Our mission is to connect fertilizer producers and buyers worldwide, and with this acquisition, we go even further. Not only will we be able to better contribute to African agriculture by streamlining access to high-quality fertilizer products across nitrogen, phosphorus, and potassium segments, but we will also provide locally produced NPK blends tailored to the specific needs of regional crops and soils”

The plant is designed by EMT, a Dutch company specialized in blending, bagging, and transport equipment, and the production process is fully mechanized and automated, allowing to produce fertilizer blends, including NPKs with high phosphate content, which are in demand in the region. With 60,000 metric tons storage for raw materials, 30,000 metric tons storage for finished goods, and a quality control laboratory, the plant will provide the region with a stable local supply of high-quality fertilizers.

The facility is located 22 km north of the port of Lome, a deep-water port in the West Africa region that can accommodate Supramax vessels, allowing for streamlined fertilizer supply across all nutrient groups to Togo and neighboring countries, including Burkina Faso, Ghana, Niger, Benin, and Mali.

Murari Mohan Rakshit, the founder of Nutrisource

“FertiStream is well-connected to strong fertilizer sourcing opportunities worldwide and has the necessary knowledge, experience, skills, and commitment to bring value and thrive in Africa. I am confident that the Togo project is in capable hands and will greatly contribute to the growth of the agricultural market in the region”.

Imane Belrhiti, Head of Business Development Africa & Middle East at FertiStream, will assume the role of the Chairman of the Board. Imane is a seasoned and well-respected fertilizer professional with over 14 years of relevant experience, including previous VP level roles at OCP. Within the next few months, the FertiStream team led by Imane will be working on operational matters and personnel assignments to commence the production of blended NPK fertilizers in the fourth quarter of 2024.

Imane Belrhiti, Head of Business Development Africa & Middle East

“I have dedicated over a decade of my professional life to the African fertilizer market, and it remains my passion. I am firmly convinced that the continent's true agricultural potential is amazing and needs the right commitment and support to unfold. This acquisition is certainly a step in the right direction”.

About FertiStream DMCC

Dubai-based FertiStream DMCC is a global fertilizer trader and distributor, with over 5 million metric tons of sales volume in just the first half of 2024, and an expanding regional footprint across South and Central America, Southeast Asia, China, Europe, and now Africa. The company is fully owned by FertiStream Holding Ltd., which is owned and managed by Jacques Lubbe. Since the beginning of 2024, FertiStream has already supplied close to 500,000 metric tons of mineral fertilizers to African markets spanning Côte d’Ivoire, Ghana, South Africa, Kenya, Togo, Senegal, Cameroon, and others, across a diverse product portfolio (AN, AS, Urea, CAN, NOP, MOP, NPK, and others).