Rashtriya Chemicals and Fertilizers (RCF), a state-run fertilizer, is planning to set up an overseas subsidiary ‘RCF Videsh’ that will specifically focus on ventures and assets abroad where feedstock natural gas is cheap or raw materials like phosphate are available in abundance.
The company has recently shelved its $1 billion plan to set up a fertilizer plant in Ghana as the West African nation had denied assured supply of gas.
RCF has annual capacity of 2.5 MT of urea and 7 lakh tonnes of complex fertilizers and it is also working on increasing its urea capacity.
