Nigeria - Indorama Fertilizer Project II

This intervention relates to the Indorama Fertilizer Project II. Indorama Eleme Fertiliser and Chemicals Limited (IFL) is a registered legal entity in Nigeria and the owner of a world scale, lead technology urea fertilizer plant. The plant which began operation in May 2016 is located on Indorama Eleme Petrochemicals Limited (IPL) site in Port Harcourt, River State and produces 1.4 million MTPA of urea fertilizer. The project consists of the expansion of IFL’s existing fertilizer complex in Port Harcourt, Nigeria from 1.4 to 2.8 million TPA by adding a new and identical train to the existing fertilizer plant. The new fertilizer plant (Line II) will consist of (i) Ammonia unit with a single train of 2,300 metric tons per day (MTPD); (ii) Urea unit with a single train of 4,000 MTPD granular urea; (iii) Urea granulation unit with a single train of 4,000 MTPD design capacity; (iv) Additional small urea granulation unit of 800 MTPD design capacity and (v) Inside boundary infrastructure, utilities and storage facilities. The total cost of the expansion project is USD 1.1 billion. The total debt financing is USD 1 billion and equity financing is USD 100 million.