Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the purpose is of CDC Group’s 2020 commitment of £20.3 million in funding to Indorama Eleme Fertilizer & Chemicals Limited.
CDC Group's 2020 commitment to Indorama Eleme Fertilizer & Chemicals Limited is for the construction of a feed conditioning unit installed as part of Indorama's fertiliser plant. This unit will save 70,000 tonnes of CO2 equivalent per year, recovering CO2 that would otherwise be vented.
Since 2013 CDC's investment in Indorama has helped Nigeria meet its domestic needs for urea fertiliser as well as shifting the country to be a net exporter. This is a critical part of tackling food insecurity in Nigeria. More information on CDC's investment into Indorama is available on its website - https://www.cdcgroup.com/en/our-impact/investment/indorama-eleme-fertilizer-chemicals-limited/