Indorama Eleme Fertilizer-III (IFC-47723)

  • Nigeria
Geographic location where the impacts of the investment may be experienced.
Specific Location
Port Harcourt
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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
Sep 15, 2023
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.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,250.00 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.
Loan Amount (USD)
$ 1,250.00 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.
Project Cost (USD)
$ 1,250.00 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 26, 2023

Disclosed by Bank Jul 28, 2023

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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.

As stated by the IFC, the Indorama Corporation, a Singapore-based holding company, is a long standing, repeat IFC client. Over the last 3 decades, IFC has supported Indorama’s entry into high-risk markets, helping it grow from a mid-sized, domestically focused business into one of the world’s fastest growing petrochemical and fibre companies.

In June 2016, Indorama successfully completed a 1.4 million metric ton per annum (MMTPA) urea fertilizer facility (Line 1) in Nigeria via Indorama Eleme Fertilizer and Chemicals Limited (IFL), making it the first major fertilizer export plant in Nigeria and one of the few in Africa. For Line 1, IFC provided a US$150 million A Loan, a US$75mn B Loan and mobilized US$150 million from several development finance institutions.

IFL constructed a second urea fertilizer line located at the same site as Line 1, which increased capacity from 1.4 MMTPA to 2.8 MMTPA (Line 2). To support Line 2, IFC arranged in June 2018, financing totalling US$1 billion, comprising of US$120 millin A Loan, US$550 million B Loan, and US$330 million parallel loans. Line 2 was completed in April 2021. Both Line 1 and 2 projects are in operation, with capacity to produce a combined 2.8 MMTPA of urea.

IFC also financed the construction of a Feed Conditioning Unit, an add-on gas processing facility to Line 2. IFC provided a US$35mn A Loan and mobilized US$115mn in B/Parallel loans from commercial banks and other DFIs.

Indorama is now planning the construction of a third urea fertilizer line within the same complex as Lines 1 and 2 in Port Harcourt, Nigeria, which will increase current capacity from 2.8 MMTPA to 4.2 MMTPA (Line 3). A dedicated jetty/port terminal with sufficient capacity to export all the Line 3 urea, and to be located approximately 20 kilometres from the IFL site, is also planned (Line 3 Jetty).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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.

Indorama is a long standing IFC client based in Singapore, which has grown into a global business entity with US$29.6 bn in revenues. Indorama was established in 1976, and it is wholly owned by Mr. S.P. Lohia and family. Indorama manufactures polyester, polyethylene terephthalate (PET) resins and bottles, polyester intermediates, polyethylene, polypropylene, spun yarns, fabrics, disposable gloves, hygiene, and fertilizers. Indorama is the world’s largest producer of polyester and PET resins as well as one of the fastest growing global petrochemical producers with a presence in 39 countries across 175 sites across Asia, Europe, Africa, and Americas.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector

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.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Client - Indorama Eleme Fertilizer & Chemicals Limited:

Mr. Rahul Moondra - Senior Manager, Finance
Phone: +2348129130097
Address: Indorama Complex, East West Expressway, Eleme, P.M.B. 5151, Port Harcourt, Rivers State, Nigeria


You can submit a request for information disclosure at:

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.


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 You can learn more about the CAO and how to file a complaint at

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