Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Specific Location

Ain Sokhna, Suez Canal Economic Zone

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

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

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."

Borrower

Indorama Holdings B.V.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
Construction
Industry and Trade

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)

$ 100.00 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)

$ 100.00 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)

$ 174.00 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

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 24, 2026

Disclosed by Bank Jun 24, 2026

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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.

According to the EBRD, Indorama Holding B.V. is seeking EBRD's support in financing an integrated greenfield phosphatic fertilizer complex in the Suez Canal Economic Zone (SC Zone) in Ain Sokhna, Egypt. The SC Zone, an industrial area, has several established chemical industries which include fertilizer manufacturing and large-scale chemical storage.

The proposed project comprises three main plants: Phosphoric Acid plant (PAP), Sulfuric Acid plant (SAP) and Di-Ammonium Phosphate/ Nitrogen, Phosphorus, and Potassium, Mono-Ammonium Phosphate (DAP/NPK/MAP) plant, and associated infrastructure, including a phosphogypsum storage area, a 13 km pipeline for importing and transferring liquid ammonia from the Sokhna Port, two phosphoric acid storage tanks at Sokhna Port, and a 29 megawatt (MW) captive power plant that will operate on heat recovery from the sulfuric acid production process.

Once operational, the project is expected to produce approximately 600,000 tons per annum of phosphate-based fertilizer, and sulfuric and phosphoric acid as intermediate products. Required phosphate rock will be sourced from the existing Red Sea Mines operated by Misr Phosphate, with an estimated supply of 1.25 million MT per annum. Other raw materials, such as sulfur and ammonia will be sourced either locally or from the international market.

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

As stated by the EBRD, the proposed EBRD investment comprises a debt package of up to US$174 million comprising of (i) EBRD A loan of up to US$100 million and (ii) mobilization of up to US$74 million in the form of B Loans. The balance of the required funding will come from parallel lenders and equity / shareholder loans.

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.

As stated by the EBRD, Indorama Holdings B.V. is a subsidiary of the Indorama Corporation, a global industrial company with diverse businesses, including petrochemicals, fibers, and fertilizers.

As stated on the company's LinkedIn account, established in 2009. Phosphate Misr is 1 of 2 major companies that produces phosphate rocks in Egypt with production capacity of around 5 million tons a year from one of the biggest reserves in the world "Abou Tartot". On the other hand the company is on its way to sign new contract for the exploration and exploitation of new sites in the south of Egypt where it is expected to increase its production capacity of phosphate rocks in the near future.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
INDORAMA CORPORATION PTE. LTD.	Parent Company	Industry and Trade	owns	Indorama Holdings B.V.	Client	Industry and Trade
Indorama Holdings B.V.	Client	Industry and Trade	contracts with	Misr Phosphate	Contractor	Mining

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.

Full ESIA documentation is available locally at:

1) Indorama Misr Fertilizers SAE, 3rd Floor, Arab Admin Dev Building, 2 El-Hegaz Street, Heliopolis, Cairo, Egypt
2) EBRD Residence Office in Cairo, EGID Building, First Floor Block 72, off Ninety Axis 5th Settlement, New Cairo, Cairo Egypt
3) EBRD website (www.ebrd.com)

Client website: https://indoramaegypt.com/

Enquiries can be sent to:

Indorama Misr Fertilizers SAE
Mukul Kumar Agrawal - Chairman
Phone: +2026077401
Email: mukul.agrawal@indorama.com
Address: Indorama Misr Fertilizers SAE, 3rd Floor, Arab Admin Dev Building, 2 El-Hegaz Street, Heliopolis, Cairo, Egypt

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html