The firm, which raised $1.3bn for its Africa funds last year, is betting on the increasing use of urea-based fertilisers around the world and Indorama’s expansion into African, US and European markets.
Founded two years ago to take advantage of beef export opportunities, Verde Beef is expected to grow “ten-fold” with new funding according its latest investor 8 Miles.
The Canadian pension was among a short list of prospective buyers said in January to be under consideration to take on a minority stake in the company.