|07 August, 2019

Egypt to build $600mln ammonia plant in Suez

The project will be built over an unused land plot of 460,000 square metres

Image used for illustrative purpose. engineering man with white safety helmet standing in front of oil refinery building structure in heavy petrochemical industry

Image used for illustrative purpose. engineering man with white safety helmet standing in front of oil refinery building structure in heavy petrochemical industry

Getty Images/ Witthaya Prasongsin

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

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