Indorama to Invest $525M for Potash Plant in Egypt

On 8 April 2026, IndoRama signed an agreement with the Suez Canal Economic Zone Authority to invest USD 525 million in a Potash Plant in the Sokhna industria park. The financing is made possible by a syndicated loan supported by the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC).

The Project is a joint venture between Singapore-headquartered Indorama and Egypt’s state-owned Misr Phosphate Company. The primary input comes from phosphate rocks extracted from the Red Sea mines in Egypt.

The phosphate plant will occupy an area of 522,000 square meters and have a production capacity of 600,000 tonnes annually. The Plant will generate 3,000 jobs: 500 during construction and 2,500 permanent jobs for production.

The Plant can produce phosphate fertilzers such as Mono-Ammonium Phosphate (MAP), Di-Ammonium Phosphate (DAP), and specific Nitrogen-Phosphorus-Potassium (NPK) blends. Up to 80% of the factory’s output is slated for export.