El Nasr fertilizers and Benchmark Power Int’l sign MoU for Suez ammonia factory

State-owned El Nasr Co. for Fertilizers & Chemical Industries signed an MoU with Benchmark Power International to build a USD 600 mn ammonia factory in Suez, Al Mal reported. The facility will have a daily production capacity of 1.2k tonnes, which will be doubled in the second phase. El Nasr will provide the land plot for the project on a usufruct basis for 25 years.