OCI Awarded EGP 700 million Civil, Electromechanical and Erection Works Package for the KIMA Fertilizer Complex in Egypt.

Orascom Construction Industries announced that it has signed a construction contract with Maire Tecnimont SpA to execute civil, electromechanical and erection works for Egyptian Chemical Industries Company's nitrogen based fertilizer complex in Aswan, Egypt. OCI will also supply the structural steel, painting and insulation materials required for the project.

The entire Engineering, Procurement and Construction contract is expected to be complete in 33 months.

The nitrogen based fertilizer complex will consist of ammonia and urea production lines as well as a urea granulation unit and all related utilities and ancillary facilities. Once complete, the complex will have an annual production capacity of approximately 550,000 tonnes of nitrogen based fertilizers per year which will help increase fertilizer production for local consumption.

The EPC and subcontract works will rehabilitate KIMA's existing facility and replace the existing decades old fertilizer technology helping the plant save significant power and become more energy efficient.

In March of this year, OCI and Tecnimont announced 50/50 partnership mandated to explore potential fertilizer opportunities in sub-Saharan Africa. The companies are also currently collaborating on the Borouge 3 Polyolefin Units and Utilities & off-site facilities in Ruwais, Abu Dhabi.

(Sourced from Market Watch)