August 9, 2013

OIL: M7 Meets Danish Investors

Uganda’s President Yoweri Museveni on Thursday received a delegation of investors from Haldor Topsoe firm based in Denmark.

The delegation led by the company’s’ Chief Executive Officer Mr. Bjerne S. Clausen called on him last evening at the government State Lodge in Fort Portal, Kabarole district, western Uganda.

The delegation that is interested in producing fertilizers from oil by-products, was accompanied by the Danish envoy to Uganda Ambassador Dan E. Frederiksen and the Uganda Deputy Head of mission to Denmark Ambassador Danny M. Ssozi. 

President Yoweri Museveni on Thursday received a delegation of investors from Haldor Topsoe firm based in Denmark.
President Yoweri Museveni on Thursday received a delegation of investors from Haldor Topsoe firm based in Denmark.

Other members of the delegation included; the Chief Strategy Officer of Haldor Topsoe, retired Ambassador Ulrik Federspiel and their Managing Director Helge Rosenberg.

The CEO Mr. Bjerne S. Clausen, informed President Museveni that their company was founded in 1940 and is a leading technology provider in Amonia chemical required in fertilizer production.

President Museveni warmly welcomed the Danish investors and pledged government’s full support for the project.

“I totally support this one. I warmly welcome you to Uganda. In fact we need it,” President Museveni stressed.

He said that since Uganda now has oil, they can offer a unique technology by converting the by-product from the oil to higher value and make fertilizers that can be used not only domestically by farmers but also for export regionally. He added that they have the longest experience in the sector and have built over 60 plants around the world citing countries like India, Bangladesh, South America, Far East Asia, as well as China.

Mr. Clausen said once the plant is established in Uganda it will create 1000 jobs directly and 10.000 indirect employment and will greatly boost the agricultural sector in the country.

Uganda has the lowest fertiliser use in the world and a fast growing population that has put preasure on agricultural land for production. Use of fertilisers improves soil fertility and increases agricultural output.

Also present was the Minister of Finance Ms Maria Kiwanuka, the Minister of Energy Engineer Irene Muloni and the Managing Partner of Humble group Mr. Samuel Guma Ssesanga.

Source: Uganda Media Centre

1 thought on “OIL: M7 Meets Danish Investors

  1. These are real investers.1000 directly employed and thousands indirectly.unlike those who come to open small shops and petrol stations and other retail shops.They are immigrants whom we don´need.

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