Phosphoric Acid, Phosphates & Fertilizers Experts

IFC $1 Billion Mobilization for Indorama Eleme Fertilizer Supports Nigeria’s Agricultural Sector and Economic Diversification

IFC, a member of the World Bank Group, today announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria (a subsidiary of Indorama Corporation), for the construction of a new fertilizer line that will expand its capacity of urea fertilizer to more than 2.8 million tons.

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Fertilizer Outlook – Is it time to book fall nitrogen?

Growers looking to book fall nitrogen need to sharpen their pencils – and perhaps dust off their crystal balls. Dealers should be putting out updated prices sheets soon though tumultuous grains markets are creating plenty of turbulence. With costs for other nutrients on the rise, leftover supplies could offer at least a little bargain for those with on-farm storage.

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Itafos announces closing of US$165 million credit and guarantee agreement

Parties to the facility include Itafos, as the borrower, its wholly-owned subsidiaries, Itafos Brazil Holdings, Itafos International Holdings Cooperatie UA, Itafos Ltd, Itafos II LP and Itafos Conda Holdings, as the guarantors, CL Fertilizers Holding LLC (formerly known as Zaff LLC) (CLF), funds managed by BlackRock Financial Management Inc. and its affiliates, and a syndicate of other lenders, as the lenders, and Cortland Capital Market Services LLC, as the administrative agent (the agreement).

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