Skip to main content

Negotiations resume between Kima and Maire Tecnimont on nitric acid project

Published by , Editor
World Fertilizer,


Kima Co. has said that negotiations have resumed again with Maire Tecnimont to implement a new nitric acid and ammonia nitrate project with investments of about US$200 million.

In a statement, Kima said that Egypt's Dispute Settlement Committee had recommended the resumption of negotiations, which had reached a stalemate, delaying the old project, following an emergency problem that occurred in the carbon dioxide compressor of the urea production unit. A report concluded that this related to the manufacturer, which prompted Tecnimont to pledge to repair the compressor and extend the warranty period.

According to the agreement, Tecnimont will provide the necessary funding from international bodies and institutions to implement the project, which is expected to take about 24 months.

Read the article online at: https://www.worldfertilizer.com/project-news/29072021/negotiations-resume-between-kima-and-maire-tecnimont-on-nitric-acid-project/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Fertilizer project news