The Project (“Indorama Port”) consists of the development of a multi-purpose port terminal at Onne in Port Harcourt, Rivers State, Nigeria (the “Project”), which will support the export of fertilizer produced by Eleme Fertilizer, an existing IFC investee company. Indorama Port is a joint venture between Indorama Eleme Petrochemicals Limited (“Eleme Petrochemicals”) and local partner Oil and Industrial Services Ltd. (“OIS or “the JV partner”). Part of Indorama Port’s berth will handle the bulk urea which will be operated by Indorama and the other part a dry material area to load items servicing the off shore oil industry (operated by the JV partner). The port terminal will have capacity to handle up to 2 million tons of dry bulk Urea, 12,000 twenty-foot equivalent units (“TEU”) of containers and 150,000 of break-bulk cargo per annum; it will be ISPS code compliant. Eleme Fertilizer is a nitrogenous Fertilizer Complex at the existing Eleme Petrochemicals site in Port-Harcourt, Nigeria, and includes an Ammonia plant, a Urea production plant, supporting boundary infrastructure, and an 84km gas pipeline from the gas supplier’s facilities; total plant capacity is 2,300 metric tons per day (MTPD) of ammonia, and 4,000 MTPD of granulated urea. Eleme Fertilizer will supply the domestic fertilizer market in Nigeria, and also export directly into the international urea market. Both Indorama Port and Eleme Fertilizer are expected to be completed and commence operations by April 2016.

IFC plans to support the Project by providing senior debt and mobilizing third-party funding.