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Indorama secures RMB 2.4 billion loan for China fertilizer expansion

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  • Anyang Indorama Gases signed a long-term loan facility to fund Phase II expansion.
  • The RMB 2.4 billion facility is equivalent to about US$358 million.
  • Indorama expects urea fertilizer capacity to reach about 2 million tonnes annually by 2029.
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