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Regions :: Africa :: Algeria
Indorama Eleme receives $100-million loan from AfDB for urea project in Nigeria
8:47 AM MST | January 31, 2013 | Francinia Protti-Alvarez
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, Nigeria—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...
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