Indorama Group plans to spend $2.5billion building a fertilizer plant at Rivers State in Nigeria.
The plant will have the capacity to produce three million metric tons of urea a year.
Indorama, which is based in Indonesia according to its web site, plans to own 80 percent of the plant, with Nigeria state-owned oil company, the Nigerian National Petroleum Corp., owning 10 percent. The Rivers State government and the local community will own the rest.
Tuesday, March 10, 2009
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