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.

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