OSLO: Scatec ASA, a leading renewable energy solutions provider, and its partners, ECHEM and MOPCO, have agreed on Heads of Terms for renewable ammonia offtake from Egypt with Yara Clean Ammonia, the world’s largest trader- and distributor of ammonia. Last year, Scatec, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (MOPCO) entered…
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Höegh LNG signs agreement to deploy FSRU Hoegh Galleon to Egypt
BERMUDA: Höegh LNG Holdings Ltd. (Höegh LNG) has announced an agreement between Höegh LNG, Australian Industrial Energy Pty Ltd (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the Floating Storage and Regasification Unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt. Hoegh Galleon will…
Orascom to buy equipment distribution/services business in Egypt
DUBAI, UAE: Orascom Construction Board has proposed the acquisition of a leading equipment importation, distribution and services business (target company) in Egypt. The Group previously announced on October 19 that the Board of Directors had approved management’s proposal to formally evaluate this potential acquisition. After evaluation, including the appointment of an Independent Financial Advisor (IFA),…
Fertiglobe selects Plug Power for Egypt amonia project
ABU DHABI, UAE: Fertiglobe (ADX: FERTIGLB) led consortium selected Plug Power Inc. (NASDAQ: PLUG) as the technology provider for a 100 megawatts electrolyzer to produce green hydrogen as feedstock for up to 90,000 tons of green ammonia production at EBIC in Ain Sokhna, Egypt. Fertiglobe, the strategic partnership between OCI N.V. (Euronext: OCI) and the…
Edita Food Industries raises price points across flagship Molto range
CAIRO, EGYPT: Edita Food Industries, a leader in the Egyptian packaged snack food market, announced today that it has increased prices across the Molto product range at its baked goods segment. Key Molto products previously priced at EGP 2.0 per pack have been raised to EGP 3.0, while products priced at EGP 3.0 per pack…
Orascom Construction evaluates acquisition Sawiris Family business
DUBAI, UAE: Orascom Construction announced the Board of Directors approved management’s proposal to evaluate the potential acquisition of a leading equipment importation, distribution and services business in Egypt owned by Sawiris Family. Founded by the late Onsi Sawiris over 30 years ago, the target company is wholly owned by the Sawiris Family and operates independently…