Notore

What Notore does

Notore Chemical Industries Plc is a vertically integrated agro-allied and chemicals business headquartered in Onne (near Port Harcourt), Rivers State, Nigeria, with corporate functions in Lagos. The company operates the only urea fertilizer plant in sub-Saharan Africa, with approximately 500,000 MTPA urea capacity, 330,000 MTPA ammonia capacity, and a 2,000 MTD NPK blending facility, all sited on a ~560 hectare free-zone complex with its own port and jetty. Its three primary business lines are Fertilizers (urea, ammonia, NPK), Seeds (via Notore Seeds Limited), and Power & Infrastructure (Notore Power Limited, planning a 500MW gas-fired plant with ContourGlobal), supplemented by a Notore Foods rice venture with Cross Rivers State.

Notore generates revenue primarily through the production and sale of granular urea, ammonia, and NPK fertilizers under a B2B/B2G model that supplies all 36 Nigerian states and the FCT, alongside exports to West Africa, South Africa, South America, and Europe. The company's distribution system combines Premium Distribution Partners with its Village Promoter Program, in which trained local farmers sell 1kg and 10kg packs — a deliberate break-bulk strategy for smallholder affordability — and operates a Notore Learning Centre for farmer education. Seed sales and planned power generation add adjacent revenue streams, while ancillary revenue comes from farmer training and agricultural services.

Notore was founded in 2005 by a consortium led by Onajite Okoloko that acquired the assets of the former NAFCON, backed by Emerging Capital Partners and OCI Fertilizers BV. It listed by introduction on the Main Board of the Nigerian Stock Exchange on 2 August 2018 under the ticker NOTORE. The company is currently navigating a period of significant financial stress: FY 2023 revenue was ₦21.55 billion (a 33% YoY decline from ₦32.31 billion) with a group loss of ₦114.18 billion, driven by naira devaluation and forex volatility. The Board has approved a N105 billion equity raise, and a Court-Ordered Meeting was held on 27 March 2025 for a Scheme of Arrangement under which Kwararafa Africa Limited would acquire all scheme shares at ₦62.50 per share and delist the company from NGX.

Name

Notore

Legal name

Notore Chemical Industries Plc

Website

https://notore.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Notore Chemical Industries Plc is a vertically integrated Nigerian agro-allied company operating the only sub-Saharan urea plant at its Onne complex, producing and distributing urea, ammonia, NPK fertilizers, and seeds to smallholder farmers, government offtake programs, and export markets across West Africa, South Africa, South America, and Europe.

Ownership category

akta.pro rank

Product category

Agricultural Fertilizers

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Fertilizer and Compost Manufacturing (32531)

SIC

Industrial Organic Chemicals (2860), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Fertilizer Production & Granulation Services (Tolling, Compaction, Prilling) (AFABABAI)

akta.pro secondary industry

NPK/Compound & Blended Fertilizers (Granular Blends, Bulk Blending) (AFABABAD)

Keywords

• Fertilizer production
• Agro-allied chemicals
• Crop management services
• Seed distribution
• Power generation

Headquarters

HQ city

Onne

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Fertilizer Production and Sales: Production and sale of granular Urea, NPK fertilizers, and Ammonia. The company operates a urea plant with 500,000 MTPA capacity and produces NPK through its 2,000 MTD blending plant. Products are sold domestically across all 36 states and Abuja FCT, and exported to West Africa, South Africa, South America, and Europe.
2. Power Generation: Notore Power Limited, an indigenous independent power producer, plans to generate and sell electricity. A 500MW gas-fired power station joint development with ContourGlobal is planned to sell electricity to Nigerian Bulk Electricity Trading PLC.
3. Seeds Distribution: The company has begun diversifying revenue streams by selling specifically produced Notore seeds to farmers, complementing its fertilizer offerings.
4. Agricultural Services and Training: Notore provides farmer education and training through its Learning Centre and Village Promoter Program, supporting fertilizer application best practices.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Notore Chemical Industries Plc manufactures and sells granular Urea, Ammonia, and NPK fertilizers at its Onne Industrial Complex in Rivers State, Nigeria, and distributes these products alongside improved agricultural seeds through its own distribution network and Village Promoter Program. The company also operates a power and infrastructure subsidiary and provides farmer training services. It is the only urea fertilizer producer in sub-Saharan Africa and serves all 36 Nigerian states plus the Abuja FCT, with exports to West Africa, South Africa, South America, and Europe.

Product overview

Notore Chemical Industries Plc operates as a vertically integrated agro-allied and chemicals business with three core product lines: Fertilizers (including granular Urea, Ammonia, and NPK), Seeds, and Power/Infrastructure. The company complements its product offerings with farmer support programs including the Village Promoter Program and Notore Learning Centre, which provide agricultural education and distribution channels to drive adoption of fertilizers and support the African Green Revolution campaign.

Differentiator

Problem solved

Functional benefit

Brands

• Notore Power and Infrastructure: Power generation and infrastructure business segment of Notore, including plans for 500MW gas-fired power station
• Notore Revolution
• Notore Impact
• Notore Learning Centre
• Village Promoter Program

Products and services

• Granular Urea, Ammonia and NPK Fertilizers Core fertilizer product line consisting of granular urea (500,000 MTPA capacity), ammonia (330,000 MTPA capacity), and NPK compound fertilizers produced at the 2,000 MTD blending plant for sale to smallholder farmers, distributors, government programs, and export markets.
• Notore Seeds Improved agricultural seeds produced and distributed through Notore Seeds Limited to complement fertilizer offerings and enhance crop yields for farmers across Nigeria.
• Notore Power and Infrastructure Independent power producer business line managed by Notore Power Limited, encompassing the planned 500MW gas-fired power station joint development with ContourGlobal to sell electricity to the Nigerian Bulk Electricity Trading PLC.
• Village Promoter Program Distribution and farmer education program where local farmers are trained by Notore to sell small fertilizer packs (1kg, 10kg) to neighbouring farmers and educate them on fertilizer best practices, targeting subsistence farmers across Nigeria.
• Notore Learning Centre Farmers' learning centre where agricultural techniques and best practices are exchanged to support the African Green Revolution and drive adoption of Notore fertilizer and seed products.

Quantifiable outcome

• Nigerian fertilizer consumption below 10kg per hectare vs FAO recommended 200kg - significant growth opportunity
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered major and core.

• Cross Rivers State GovernmentmajorStrategic or Co-development Partner · 10 July 2014MoU signed with Cross Rivers State Government to establish a 255,000 metric ton-producing international rice mill and 20,000 hectare rice farm in the state. Project has potential to create about 15,000 new jobs and will be complemented with statewide out-growers buy-back scheme.
• ContourGlobalcoreStrategic or Co-development Partner · 22 April 2013Notore Power Limited signed a Joint Development Agreement with ContourGlobal to develop, construct, finance and operate a 500MW gas-fired power station at the Notore Industrial Complex in Onne, Rivers State. Electricity to be sold to Nigerian Bulk Electricity Trading PLC. ContourGlobal is an international power generation company with assets of more than 3,000 MW in operations or under construction in 15 countries.
• Mitsubishi CorporationcoreStrategic or Co-development Partner · 23 April 2012Joint Venture Agreement signed with Mitsubishi Corporation at their corporate headquarters in Tokyo, Japan to develop an ammonia, urea and other petrochemicals project at Notore's existing facility at Onne. Project involves construction of plant complex with 1,700 MT/day ammonia, 3,000 MT/day urea, and 1,500 MT/day petrochemicals capacity. Project expected to come on-stream by 2016.
• Mitsubishi Heavy IndustriescoreTechnology or Integration · 23 April 2012Agreement signed with Mitsubishi Heavy Industries in Japan to carry out pre-Front End Engineering Design (FEED) for the ammonia/urea/petrochemicals project. FEED expected to conclude in Q1 2013, followed by 36 months of EPC.
• Tata Chemicals LimitedcoreTechnology or Integration · 1 April 2011Technical Services Agreement (TSA) signed with Tata Chemicals Limited (India) to assist Notore in optimizing and achieving breakthrough performance in operations of its fertilizer plant in Onne. Tata Chemicals operates one of the most efficient urea fertilizer plants in Babrala, Northern India. Agreement commencing April 2011.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Indorama Corporation (Indorama Eleme Fertilizers): Indorama operates one of the largest urea and ammonia plants in Africa (Port Harcourt, Nigeria) producing nitrogenous fertilizers for domestic and export markets. They are the most direct competitor to Notore in Nigerian/Sub-Saharan African urea production with similar product portfolio and customer base.
• Dangote Fertilizer (Dangote Group): Dangote operates a major urea and ammonia complex in Lekki, Nigeria with multi-million MT capacity. As Africa's largest fertilizer producer, Dangote directly competes with Notore in domestic Nigerian urea markets and West African export markets with overlapping product categories and customer segments.

Broad incumbents

• OCI N.V. OCI N.V. is a global nitrogen fertilizer and methanol producer headquartered in the Netherlands, and was a core investor in Notore's consortium that acquired NAFCON assets. As a major international producer of hydrogen/ammonia/urea products, they represent Notore's global industry incumbent peer with operational overlap.
• Yara International ASA: Yara is the world's largest nitrogen fertilizer producer with global presence and African operations. As a broad incumbent with extensive African distribution and a comprehensive NPK/urea product portfolio, Yara competes with Notore in West African and broader African fertilizer markets with greater scale and product breadth.
• CF Industries Holdings: CF Industries is the largest North American nitrogen fertilizer manufacturer producing urea, ammonia, and UAN. As a broad incumbent in global nitrogen markets, they are relevant comparable for Notore's urea/ammonia business model and export market dynamics in global nitrogen trade flows.
• UPL Limited: UPL is a major Indian agrochemical and seed company with global operations including Africa. As a broad incumbent in crop inputs (seeds, crop protection, fertilizers), UPL is comparable through its African seeds/agro-inputs business and competing with Notore's Notore Seeds subsidiary in regional markets.

Regional players

• Indian Farmers Fertiliser Cooperative (IFFCO): IFFCO is the largest fertilizer cooperative in India producing urea, NPK, and DAP with farmer-distribution networks. While primarily operating in India, they share the cooperative/distributor-led model and smallholder farmer focus that Notore pioneered with its Village Promoter Program.
• Chambishi Fertilizer (ZCCM Investments Holdings): Chambishi Fertilizer is a Zambian fertilizer producer with NPK blending and compound fertilizer production serving Southern Africa. While operating in different geography, they are comparable as African regional fertilizer producers with similar NPK/compound blending operations and target markets.

Emerging players

• Export Trading Group (ETG): ETG is a multinational agricultural conglomerate operating across Africa in fertilizer procurement, distribution, and agronomy services. They serve as an emerging player in African fertilizer supply chains with overlapping customer segments (smallholder farmers) and complementary rather than directly competing offerings.

Others

• African Fertilizer and Agribusiness Partnership (AFAP): AFAP is a non-profit development partnership supporting fertilizer market development across Africa. As an ecosystem participant connecting fertilizer producers, distributors, and smallholder farmers, AFAP is thematically adjacent to Notore's African Green Revolution mission and smallholder farmer focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights7 records

Customer concentration

• Xtwitter.com/notore
• YouTubeyoutube.com/@notore
• LinkedInlinkedin.com/company/notore

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Notore