The board of\u00a0Abu Qir Fertilizers has approved to proceed with the establishment of a company that will manage an ammonia plant planned to be launched on the land area, owned by the Egyptian General Petroleum Corporation (EGPC).<\/p>\n
The ammonia plant with a production capacity of 1,200 tonnes per day, a nitric acid plant with a capacity of 1,830 tonnes per day, and a granulated ammonium nitrate plant with a capacity of 2,400 tonnes per day,<\/p>\n
With an estimated investment cost of $1.20 billion, 70% of the project is planned to be financed by bank loans and 30% by equity through a partnership between Abu Qir, EGPC, and some of the company’s shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"
The board of\u00a0Abu Qir Fertilizers has approved to proceed with the establishment of a company that will manage an ammonia plant planned to be launched on the land area, owned by the Egyptian General Petroleum Corporation (EGPC).The board of\u00a0Abu Qir Fertilizers has approved to proceed with the establishment of a company that will manage an ammonia plant planned to be launched on the land area, owned by the Egyptian General Petroleum Corporation (EGPC).<\/p>\n","protected":false},"author":4,"featured_media":325707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[],"class_list":["post-325706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main"],"yoast_head":"\n