Cairo – Mubasher: El-Nasr Co for Fertilizers and Chemical Industries, a subsidiary to the Chemical Industries Holding Co, and Benchmark Power International (BPI) signed a memorandum of understanding (MoU) to build a new ammonia factory at a cost of $600 million.

During the first phase, the to-be-established plant will have a capacity of 1,200 tonnes per day, which will be doubled after the completion of the second phase, Egypt’s enterprise minister Hisham Tawfik said in a statement on Wednesday.

The project will be built in Ataqa in the governorate of Suez over an unused land plot of 460,000 square metres granted by-Nasr Co for Fertilizers and Chemical Industries under a 25-year usufruct agreement.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.