Maire Tecnimont Orascom collaborate fertilizer projects in Africa

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



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