Indorama Eleme Fertilizer & Chemicals Ltd

Debt : February 2013

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

Sub-Saharan Africa: Nigeria

Investment field

Enterprises

Activity

Chemicals - Fertiliser

Organisation

Indorama Eleme Fertilizer & Chemicals Ltd

Domicile

Nigeria

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

  1. a 2,300 MTPD (Million Tonnes Per Day) Ammonia Plant,
  2. a 4,000 MTPD Urea Plant2,
  3. 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.

View more of our investments in this region

Africinvest Fund II LLC.

Investment Companies & Funds

Africinvest Fund II LLC.

  6,000,000.00

  Cameroon, Côte d'Ivoire, Ghana, Nigeria

  28/08/2008

  Equity

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  5,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  08/12/2010

  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  6,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  21/11/2003

  Equity

Aquila Leasing

Financial Institutions

Aquila Leasing

  4,000,000.00

  Nigeria

  09/03/2015

  Debt

Aquila Leasing

Financial Institutions

Aquila Leasing

  3,828,000.00

  Nigeria

  09/02/2010

  Debt

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  10,000,000.00

  Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia

  14/12/2017

  Equity

Verod Capital Growth Fund III

Investment Companies & Funds

Verod Capital Growth Fund III

  8,733,600.00

  Ghana, Nigeria

  25/07/2019

  Equity

Beyond the Grid Solar Fund

Investment Companies & Funds

Beyond the Grid Solar Fund

  4,175,007.50

  Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda

  26/10/2017

  Debt

TLcom TIDE Africa

Investment Companies & Funds

TIDE Africa

  4,367,820.00

  Kenya, Nigeria

  28/06/2019

  Equity

AccessBank Nigeria

Financial Institutions

AccessBank Nigeria

  15,024,304.02

  Nigeria

  30/01/2019

  Debt

AccessBank Nigeria

Financial Institutions

AccessBank Nigeria

  2,232,000.00

  Nigeria

  09/03/2006

  Debt

Babban Gona Farmers Services

Enterprises

Babban Gona Farmers Services

  1,837,000.00

  Nigeria

  30/01/2019

  Debt