After success in Nigeria, Indorama seeks a bigger breakthrough in Egypt with $520m fertiliser project
The World Bank, through its private sector arm, the International Finance Corporation (IFC), is considering a financing package of up to $174 million to support Indorama Corporation’s ambitious fertiliser expansion in Egypt, building on the company’s long standing success in Nigeria and broader African markets.
According to news reports, the proposed funding will support the construction of a $520 million phosphate based fertiliser complex in Ain Sokna through Indorama Misr Fertilizers, the company’s Egyptian subsidiary.
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The new facility will include a sulphuric acid plant, phosphoric acid plant, and granulation unit capable of producing major agricultural inputs including di ammonium phosphate (DAP), mono ammonium phosphate (MAP), and NPK blends.
Once completed, the plant is expected to produce around 600,000 tonnes of phosphate based fertilisers annually, supplying both Egypt’s domestic market and international customers.
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