Indorama advances Egypt phosphate project to expand global fertilizer capacity

Indorama is moving forward with a major phosphate fertilizer project in Egypt’s export zone in partnership with Misr Phosphate, as part of a broader strategy to expand its global fertilizer footprint. The project will incorporate advanced technology and operational capabilities drawn from the company’s experience in developing large-scale fertilizer assets, with the aim of strengthening its integrated production platform and improving supply to key agricultural markets.

The company is targeting financial close in 2026 and has secured mandates with the International Finance Corporation and the European Bank for Reconstruction and Development to lead debt syndication, alongside participation from relationship banks. The involvement of development finance institutions highlights the project’s scale and strategic relevance, as fertilizer producers increasingly pursue vertically integrated models to enhance efficiency and supply reliability.

The Egypt facility, combined with Indorama’s upcoming large-scale urea plant in Nigeria scheduled for commissioning in the coming months, is expected to lift the company’s total fertilizer production capacity to around 13 million tons annually. The expansion positions Indorama among the world’s leading fertilizer producers, as global demand for crop nutrients continues to rise in line with agricultural productivity needs.