Indorama Vice Chairman Amit Lohia met with Egyptian Minister of Petroleum and Mineral Resources Karim Badawi on July 28 to discuss the establishment of a phosphate fertilizer factory in Ain Sokhna.
Indorama stated it plans to finalize initial project preparations by the end of 2024, with full-scale implementation slated for 2025. The project was first announced last year (GM Sept. 1, 2023) with an initial investment of $700 million.