Image Credits : Pixabay , Image used for illustrative purpose only.
1 minute read

Maire Tecnimont, authorization to start Egyptian Kima fertilizer project

Maire Tecnimont  announced that following the contract award announced last June for a nitric acid and ammonium nitrate plant project by KIMA, Egyptian Chemical Industries Company has received advance payment and authorization to start engineering work.  

Notice to proceed for Engineering Procurement and Construction (EPC) activities is expected by the end of June 2024. The EPC contract was awarded to a consortium led by Tecnimont for a total value of USD300 million, of which Tecnimont is responsible for approximately USD220 million.

“The plant will replace existing units for ammonium nitrate production, significantly reducing current greenhouse gas emissions through state-of-the-art abatement systems that will improve overall energy efficiency and environmental standards,” the company memo reads.

Maire Tecnimont closed Thursday’s session in the red by 0.4 percent to EUR4.94 per share

Legal Disclaimer:
Marketsreener
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Oil and Gas
    1 minute read

    Ivory Coast Plans to Triple Oil…

    19 Jun. 2024 | Global Flow Control
  • LNG and Industrial Gases
    1 minute read

    Technip Energies awarded new contract at…

    19 Jun. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    3 minutes read

    McDermott Selected by Abraxas Power for…

    19 Jun. 2024 | Global Flow Control
  • Mining and Metals
    2 minutes read

    Occidental Petroleum and Berkshire Hathaway Join…

    18 Jun. 2024 | Global Flow Control