The management of Indorama Eleme Petrochemicals Limited said at the weekend that it had concluded arrangement towards setting up one of Africa's largest fertiliser plants in Eleme, Rivers State.

Disclosing the information during the visit of National Good Governance Team to the company, which was in line with its project tour of the state, the company said the plant would be designed to produce 1.4 million tonnes of fertiliser annually, and would start production by the fourth quarter of 2015.

The company said the plant would be involved in the production of Urea, NPK and other types of fertilisers if work would be concluded as planned.

It said the project was part of the company's efforts towards making Nigeria the largest petrochemical location in Africa by 2017.

He said that a Chinese company, Toyo Engineering Ltd would handle the Minister of Information, Labaran Maku, praised the company's performance, asserting that it had contributed greatly to the nation's economy since its existence, especially between 2007 and 2012.