Indorama To Finance $1.2B Fertilizer Plant In Nigeria

Law360, Los Angeles (February 19, 2013, 5:46 PM EST) -- Global chemical producer Indorama Corp. Pte Ltd. and African polyolefins producer Indorama Eleme Petrochemicals Ltd. have signed a financing package to construct a $1.2 billion greenfield urea fertilizer project in Nigeria, Indorama Eleme announced Monday.

The Indorama Eleme Fertilizer & Chemicals Ltd. megasized fertilizer project will play a large role in addressing critical Nigerian and West African requirements for economically priced fertilizers and growing demand for fertilizer by utilizing Nigeria's vast hydrocarbon reserves, according to IEFCL.

Amit Lohia, group managing director for Indorama Corp., said that...
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