50266 - CSCHEM expansion

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Summary of Investment Information

Project Number

50266

Company Name

CSCHEM Limited

Date SPI Disclosed

May 19, 2025

Country

Nigeria

Region

Africa

Projected Board Date

Jul 31, 2025

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Jun 14, 2026

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Jun 12, 2026

Sector

Soap and Cleaning Compound (Soap, Detergent, etc.)

Project Description

The proposed investment is a US$25m A loan to Cepsa Quimica SA’s affiliate companies, aimed at expanding its manufacturing operations for chemicals and additives in home and laundry care segments in Nigeria. CSCHEM Limited (HoldCo) has two operating companies (OpCo), SIL Chemicals Limited (SIL) and Reliance Chemical Products Limited (RCPL), which are involved in manufacturing and selling chemical products and trading detergent chemicals in Nigeria.

The investment involves two key expansions. First, the sulphonation plant will be upgraded to significantly increase the production of HLAS, an essential raw material for detergent manufacturing. This expansion aims to meet the rising demand in Nigeria and reduce dependence on imports. Second, a new regenerative furnace will be installed at the sodium silicate glass plant to boost the production of sodium silicate solids. Sodium silicate is a versatile chemical used in various industrial applications, including detergents, adhesives, and paper products. Both expansions are designed to strengthen local manufacturing capabilities and support the growth of related industries in the region.

Sponsor / Cost / Location

Development Impact

The Project will expand the production capacity in Nigeria of specialty chemicals, generating direct and indirect domestic value addition through increased output and economic activity in the Company’s value chain. Moreover, the Project will create full-time direct and indirect jobs in Nigeria and will make the consumer goods markets in Nigeria more competitive, by enhancing raw material supply, quality, and diversity locally, and reducing reliance on costly imports.

IFC’s participation will result in financial and non-financial additionality. Financial additionality is provided through a financing structure with longer tenor and grace periods that are not readily available in the local financial markets, particularly in the context of challenging global economy. Non-financial additionality is provided through improvement in the overall performance in accordance with the IFC Performance Standards.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Direct Employment (#) Operations And Maintenance	individuals		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

This is a Category B project based on IFC’s 2012 Policy on Environmental and Social Sustainability as E&S risks and impacts associated with the project are limited, site-specific, and can be readily addressed through generally accepted mitigation measures described in this document and the Environmental and Social Action Plan (ESAP).

Key E&S risks and impacts associated with the project include: (a) corporate and site level E&S capacity and management systems for its operations; (b) industrial risks assessment (i.e. HAZOP study); (c) implementation of labour and working conditions in line with IFC PS2 and legal requirements in Nigeria; (d) Occupational Health and Safety (OHS) management systems including contractors / OHS risks from long term exposure to chemicals; (e) liquid and solid waste management; (f) road traffic safety of distribution network; (g) assessment and management of security arrangements; (h) stakeholder engagement; and (i) gender based violence issues.

Contacts

For Inquiries About the Project, Contact

Contact Person: Prasanna Rajendran Company

Name: CSCHEM Ltd

Address: Plot No.C21/43 Anioma Road,

Agbara Industrial Estate, Agbara,

Ogun State, Nigeria

Email: prasanna@silchemicals.com

Phone: +234 8141 306961

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Local Access of Project Documentation

Contact Person: Prasanna Rajendran

Company Name: CSCHEM Ltd

Address: Plot No.C21/43 Anioma Road, Agbara Industrial Estate, Agbara, Ogun State, Nigeria

Email: prasanna@silchemicals.com

Phone: +234 8141 306961

Website: N/A

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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