Indorama to invest $525 million in Egyptian phosphate complex

Indorama Corporation has signed a contract to establish a phosphate fertilisers and chemicals complex in Egypt, with an initial investment of $525 million, in partnership with Misr Phosphate.

The facility, to be known as Indorama Egypt Fertilizers, will be developed within the Suez Canal Economic Zone in the Ain Sokhna Industrial Area, on a 522,000 square metre site. The first phase will have a production capacity of up to 600,000 t/a of phosphate fertilisers and related chemical products, with approximately 80% of output destined for export. The project will deploy what Indorama describes as “best-in-class technology, equipment, and process know-how,” drawing on the group’s experience in developing large-scale fertiliser facilities.