Indorama Eleme Fertilizer & Chemicals Ltd

Debt : February 2013 - February 2024

BIO has granted a USD 15 M loan to Indorama Eleme Fertilizer & Chemicals Ltd, for the construction and operation of a 1.4 M MTPA Nitrogenous Fertilizer Complex.

Amount

€ 11,368,500.00

Type of investment

Debt

Development impacts

Local economic growth

Beneficiary locations

Africa: Nigeria

Investment field

Enterprises

Activity

C20.15 Manufacture of fertilisers and nitrogen compounds

Organisation

Indorama Eleme Fertilizer & Chemicals Ltd

Website

https://www.indoramafertilizers.com/

Domicile

Nigeria

IEFCL was established to construct and operate a 1.4 M MTPA (Million Tonnes Per Annum) Nitrogenous Fertilizer Complex comprising of

a 2,300 MTPD (Million Tonnes Per Day) Ammonia Plant,
a 4,000 MTPD Urea Plant2,
a 4,000 MTPD Urea granulation plant and other infrastructure and utilities.

Around 80% of Nigeria’s 98 million ha land is fit for agriculture, but currently only one-third is cultivated, mainly because of the inconsistent availability of fertilizer.

Impact

SDG Goal 2: End hunger
The use of fertilizers should improve agricultural productivity and therefore food security.

SDG Goal 13: Climate Action
Natural gas emissions will be reduced by being reused in fertilizer production.

Development impacts

Local economic growth
Employment effects at investee company:
Over the whole construction period of the fertilizer plant (3y) a total of 3,000 workers will be employed.

Decrease in the country's dependency on imports:
By producing fertilizers in the country, the import dependence will be reduced.