Maire Tecnimont Orascom collaborate fertilizer projects in Africa
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

Maire Tecnimont and Orascom collaborate for fertilizer projects in Africa

12:35 PM, 23rd May 2011
Maire Tecnimont and Orascom collaborate for fertilizer projects in Africa

Potential project opportunities in fertilizer sector. The offer is of complete package proposals for licensing, EPC, operation, equity participation, partnership and financing arrangements.

MILAN, ITALY: Maire Tecnimont SpA signed a Memorandum of Understanding (MOU) for co-operation on project development in Sub-Saharan Africa with Orascom Construction Industries. OCI is a leading international fertilizer producer and construction contractor based in Cairo, Egypt.

Maire Tecnimont and OCI have agreed to explore potential project opportunities for new fertilizer plants in central and southern Africa, with the aim to present complete package proposals for licensing, EPC, Plant operation, equity participation, partnership and debt financing arrangements. The two companies will establish a joint team that will assess the development possibilities in the above mentioned areas with specific attention to local content of the projects.

Maire Tecnimont and OCI already cooperate on the petrochemical Borouge 3 Expansion Project in Ruwais (Abu Dhabi), where OCI was recently awarded construction contracts from the joint venture between Tecnimont and Samsung Engineering Company for a total value of $ 146 million. Moreover, Maire Tecnimont and OCI are currently co-operating on selected commercial offers in Egypt.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BASF to work directly with farmers in Nile and Middle East region

Increased market presence will serve growing customer base Goal is to triple sales by 2018 LUDWIGSHAFEN, GERMANY/DUBAI, UNITED ARAB EMIRATES: BA ...

Read more
DuPont annouces changes after Danisco acquisition

WILMINGTON, US: DuPont formed two new business units, Industrial Biosciences and Nutrition & Health, after acquiring Danisco. The company has appo ...

Read more
Lindsay Goldberg buys 49 per cent stake in Odfjell’s tank terminals

BERGEN, NORWAY: Odfjell announced Lindsay Goldberg will acquire a 49 per cent interest in each of Odfjell’s tank terminals in Rotterdam and Hous ...

Read more
AkzoNobel opens new research centre in The Netherlands

AMSTERDAM, THE NETHERLANDS: AkzoNobel has opened a new research laboratory in Deventer, the Netherlands, which will play a pivotal role in the company ...

Read more
BASF, Ineos offered EU commission to sell facility

FRANKFURT, GERMANY: BASF SE and UK-based Ineos Industries Holdings Ltd offered to sell a plant to gain regulatory approval from the European Commissio ...

Read more
Arch Chemicals closes on new $ 375 million credit facility

  NORWALK, US: Arch Chemicals Inc has successfully completed a new, unsecured five-year $ 375 million credit facility which replaced its unsecur ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X