Tuesday, May 21 2013 12:03 AM EDT2013-05-21 04:03:02 GMT
Paramedics tell us they're amazed no one was seriously hurt in a rush hour crash just outside Albany Monday evening. The driver of a pickup truck lost control on Philema Road just before 5:00. The truckMore >>
The driver of a pickup truck and his passenger walk away from the mangled wreckage after a crash.More >>
Tuesday, May 21 2013 12:02 AM EDT2013-05-21 04:02:59 GMT
An unusual wreck on Albany's bypass Monday night left the highway littered with yard debris. About 9:30, a car collided with a trailer that was hauling tree limbs on the Liberty Expressway between theMore >>
Wrecked cars and yard debris slow traffic on Albany's bypass.More >>
Monday, May 20 2013 11:45 PM EDT2013-05-21 03:45:07 GMT
Moultrie Police tell us they have the accused triggerman in a shooting in custody after two weeks on the run. Police arrested 19-year-old Darren Huntley over the weekend in Waycross. 22-year-old DominiqueMore >>
Moultrie Police tell us they have the accused triggerman in a shooting in custody after two weeks on the run.More >>
Monday, May 20 2013 11:37 PM EDT2013-05-21 03:37:21 GMT
Students at a South Georgia University are working together to make it into the workforce. Nursing students at Georgia Southwestern asked business students to help them prepare for their job searches. HumanMore >>
Students at a South Georgia University are working together to make it into the workforce.More >>
Monday, May 20 2013 11:28 PM EDT2013-05-21 03:28:47 GMT
A lot of South Georgians are all too familiar with the damage a tornado can do. An EF-3 tornado roared through Americus six years ago. It killed two people and destroyed Sumter Regional Hospital andMore >>
A lot of South Georgians are all too familiar with the damage a tornado can do.More >>
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE Indorama Eleme
DUBAI, UAE, February 18, 2013 /PRNewswire/ --
Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) has signed a financing package to construct a green field US$ 1.2 billion urea fertilizer project in Port Harcourt, Nigeria. The IEFCL project will play a large role in addressing critical Nigerian and West African requirement for economically priced fertilizers.
Developed by Indorama Corporation Pte Ltd. (Indorama - a leading global producer of petrochemicals) and Indorama Eleme Petrochemicals Limited (Eleme - the second largest polyolefins producer in Africa), IEFCL will substitute fertilizer imports to address Nigeria and West Africa's growing demand for fertilizer by utilizing Nigeria's vast hydrocarbon reserves. Given its highly competitive cost and logistical position, IEFCL will also export urea to North American and Latin American markets.
The state-of-the-art facility will produce over 4000 metric tonnes per day of high-quality, granulated urea, an amount capable of meeting the entire domestic Nigerian demand.
"We continue to see significant growth prospects in Africa and Middle East. After investing more than $500 million over the past several years, Indorama is now setting up the world's largest Urea plant at its petrochemical complex in Nigeria. The investment of more than $1.2 billion includes a port and gas pipeline. With a rich pipeline of projects, Indorama is aiming to create Africa's largest petrochemical hub in Nigeria", said Group Managing Director for Indorama Corp., Amit Lohia, adding, "IEFCL will play a key role in boosting Nigeria's crop yields going forward."
"We would like to thank everyone who has made this project possible, from the Government of Nigeria to the authorities of Port Harcourt, with special appreciation to the lead lenders IFC, Stanbic, and Standard Chartered," Lohia added.
Financing for the project includes US$ 800 million in debt and US$ 400 million in equity.
The IEFCL Project
The IEFCL project consists of 2,300 tonnes per day ammonia plant, a 4,000 tonnes per day urea plant, a urea granulation plant, and associated infrastructure & utilities. IEFCL will also construct and operate a gas pipeline. The ammonia and urea plant, both being built under a contract with TOYO Engineering Corporation, will be located within the Eleme complex in Port Harcourt, Nigeria.