The African Development Bank (AfDB; Abidjan, Ivory Coast) has approved a senior loan of $100 million to Indorama Eleme Fertilizer & Chemicals (IEFC) to build and operate a previously announced gas-to-urea plant at Port Harcourt, Nigeria, the bank announced. Other components to the project include an 84-kilometer (km) pipeline, and a multipurpose jetty and terminal infrastructure at Onne Port, Nigeriaâ€”16 km from the project site. The complex is expected to be among the most competitive production sites given the low gas feedstock price and economies of...
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