Tecnimont led consortium bags US$300 million EPC contract for a fertilizer plant in Egypt
Technology

Tecnimont led consortium bags US$300 million EPC contract for a fertilizer plant in Egypt

The plant will produce 800 tons per day of ammonium nitrate to serve local and international fertilizer markets

  • By ICN Bureau | June 09, 2023

MAIRE announces that a consortium composed by its Integrated E&C Solutions (IE&CS) subsidiary Tecnimont S.p.A and Orascom Construction S.A.E. has been awarded a Lump Sum Turn-Key Engineering Procurement and Construction contract for a Nitric Acid and Ammonium Nitrate plant by KIMA, Egyptian Chemical Industries Company.

The contract value to the consortium is approximately US$ 300 million, of which about US$ 220 million pertaining to Tecnimont. The finalization of the contract is subject to successful execution of the financing package. The scope of work includes mainly engineering, supply of all materials and equipment – to be performed by Tecnimont – as well as construction activities to be carried out by Orascom Construction. The plant, whose completion is expected in the first half of 2026, will produce 600 tons per day of Nitric Acid, that will be fully transformed into 800 tons per day of fertilizer-grade, granulated, Ammonium Nitrate, which will be sold to local farmers, increasing the yields of their crops, as well as exported to international markets.

Alessandro Bernini, CEO of MAIRE, commented: “We are really honored to keep on supporting a prominent player such as KIMA in the development of the Egypt’s fertilizer value chain. With this award we further consolidate a long-lasting, fruitful relation and strengthen our industrial footprint in North Africa, thanks to our strong capability in executing EPC projects.”

This project follows KIMA’s ammonia and urea large plant built by Tecnimont and Orascom Construction and successfully started up in 2020 in the same industrial complex, located in the Aswan Governorship, in Upper Egypt.

Register Now to Attend Navigating the Path to Net-zero in the Chemicals Industry on Friday, 26 July 2024

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization