Indorama Port (IFC-38096)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Nigeria
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 22, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
OIS INDORAMA PORT LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 52.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 52.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 12, 2025

Disclosed by Bank Mar 18, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Project (“Indorama Port”) consists of the development of a multi-purpose port terminal at Onne in Port Harcourt, Rivers State, Nigeria (the “Project”), which will support the export of fertilizer produced by Eleme Fertilizer, an existing IFC investee company. Indorama Port is a joint venture between Indorama Eleme Petrochemicals Limited (“Eleme Petrochemicals”) and local partner Oil and Industrial Services Ltd. (“OIS or “the JV partner”).

Part of Indorama Port’s berth will handle the bulk urea which will be operated by Indorama and the other part a dry material area to load items servicing the off shore oil industry (operated by the JV partner). The port terminal will have capacity to handle up to 2 million tons of dry bulk Urea, 12,000 twenty-foot equivalent units (“TEU”) of containers and 150,000 of break-bulk cargo per annum; it will be ISPS code compliant.

Eleme Fertilizer is a nitrogenous Fertilizer Complex at the existing Eleme Petrochemicals site in Port-Harcourt, Nigeria, and includes an Ammonia plant, a Urea production plant, supporting boundary infrastructure, and an 84km gas pipeline from the gas supplier’s facilities; total plant capacity is 2,300 metric tons per day (MTPD) of ammonia, and 4,000 MTPD of granulated urea. Eleme Fertilizer will supply the domestic fertilizer market in Nigeria, and also export directly into the international urea market. Both Indorama Port and Eleme Fertilizer are expected to be completed and commence operations by April 2016.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor Relationship
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

OIS INDORAMA PORT LIMITED (OIPL) is a joint venture company between Oil & Industrial Services (OIS) and Indorama Eleme Petrochemicals (IEPL) formed on 19th April 2013 

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

OIS INDORAMA PORT LIMITED (OIPL)built its own multi-purpose port terminal in Onne Port, Rivers State, Nigeria to be self-reliant on urea exports from Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) and for import/export of various types of break-bulk and containerized cargo for Oil & Industrial Services (OIS).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Indorama Eleme Fertilizer & Chemicals Ltd Parent Company - owns OIS INDORAMA PORT LIMITED (OIPL) Client Industry and Trade

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Company contact details:
Hemant Deshmukh
Fertilizer Operations Head
Indorama Eleme Petrochemicals Ltd
Eleme Petrochemicals Complex, Eleme
East -West Expressway, Eleme
PMB-5151, Port Harcourt, Rivers State
Nigeria
mailto:hdeshmukh@indorama.com.ng
Mobile: +234:815-041-6928

ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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