# Indorama bets $261m on fourth Nigeria fertiliser line

> Indorama awarded Daewoo Engineering & Construction a roughly $261 million contract to build a fourth production line at its Eleme complex in Nigeria, with capacity for 1.4 million tonnes of urea annually. The award is not yet a final contract, and construction has not started; the expansion would raise the complex’s total urea capacity to 5.6 million tonnes a year.

- Date: 2026-11-06 · published 2026-11-06T18:45:27.974Z
- Category: trade · region Nigeria · magnitude medium
- Page: https://feedsoft.ai/events/84786-indorama-bets-261m-on-fourth-nigeria-fertiliser-line
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

If built, the added Nigerian capacity could increase urea supply for export and reduce reliance on shipments through the Strait of Hormuz, adding future supply pressure to global urea prices. The impact is prospective because construction has not begun.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-10-11 | [India’s Latest Urea Tender Signals Relief on Global Fertiliser Costs](https://feedsoft.ai/events/17353-india-s-latest-urea-tender-signals-relief-on-global-fertiliser-costs.md) | +2.6% | — |
| UREA | 2024-03-25 | [US lifts tariffs on fertilizer imports \| Latest Market News](https://feedsoft.ai/events/31146-us-lifts-tariffs-on-fertilizer-imports-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2022-05-09 | [Fertiliser imports depend on enhanced urea output and reduced DAP offtake  - The HinduBusinessLine](https://feedsoft.ai/events/41717-fertiliser-imports-depend-on-enhanced-urea-output-and-reduced-dap-offtake-the.md) | 0.0% | -17.5% |
| UREA | 2026-06-23 | [Fertilizer prices fall on slow demand, Chinese exports and Iran - Nikkei Asia](https://feedsoft.ai/events/19114-fertilizer-prices-fall-on-slow-demand-chinese-exports-and-iran-nikkei-asia.md) | -2.1% | -1.4% |
| UREA | 2025-09-01 | [India’s Urea Tender on 2 September to Shape Global Fertilizer Prices -](https://feedsoft.ai/events/6879-india-s-urea-tender-on-2-september-to-shape-global-fertilizer-prices.md) | -7.0% | -8.8% |

## Sources

- businessday.ng: https://businessday.ng/agriculture/article/indorama-bets-261m-on-fourth-nigeria-fertiliser-line/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.