Egypt Hydrocarbon signs USD 550 mn ammonia plant pact with Maire Tecnimont

The Egypt Hydrocarbon Corporation has signed a USD 550 mn agreement with Maire Tecnimont to set up an ammonia plant in Ain Sokhna, a statement by the Italian company said on Monday. The plant is scheduled for completion in 36 months and will produce 1,320 metric tonnes of ammonia per day.