The memorandum establishes a framework for exchanging expertise, scientific research, and technical knowledge intended to raise productivity, improve resource efficiency, and support sustainable agricultural development in both countries.
The project is expected to raise the facility’s annual urea capacity from about 4.2 million tonnes to 5.6 million tonnes, a 33% increase.
The entity will provide commodities-focused brokerage and execution services, combining strong market knowledge and experience, access to major global exchanges and dedicated client support to help clients manage risk.
The investment will focus on Nigeria, Cameroon, Côte d’Ivoire and Ghana, while the company also explores opportunities in southern Africa, including Angola.
The transaction will expand The Andersons’ Renewables platform by more than 40% and add approximately 215 million gallons of annual ethanol production capacity.