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MoU signed for new ammonia plant in Egypt

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World Fertilizer,

As reported by Egypt Today, Al-Nasr Fertilizers Co., a subsidiary of the Holding Company for Chemical Industries, has signed a memorandum of understanding (MoU) with Benchmark Power International to establish a new ammonia production plant in the country.

According to the MoU the two companies are to cooperate in establishing a new ammonia production plant with a capacity of 1200 tpd in the first phase, which will be doubled by the completion of the second phase, at an estimated cost of US$600 million.

The MoU was signed by Chairman of El Nasr Fertilizers Company Hamdy Gaber, and Chairman of Benchmark Power International Ahmed Bahgat,in the presence of Chairman of the Holding Company for Chemical Industries Emad Mostafa.

El Nasr Co. is due to provide the project with an unused plot of land with an area of approximately 460 000 m2 the Suez Governorate for the establishment of the plant on a 25-year usufruct basis.

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