KIMA inks pact with Italian Company

18 November 2011: The Egyptian Chemical Industries Company, KIMA which is a subsidiary of the Chemical Industries Holding Company (CIHC), has signed a development contract with Tecnimont S.p.A. The contract has signed the above contract for the rehabilitation of plant, at an amount of USD 560 million (approx ` 2,843 crore).

The project consists on operating the plant with natural gas instead of electricity, producing ammonia and urea and doubling the current production line of Nitro Kima Fort fertilizer. The company was established based on the technology of electrolysis of water, because of the surplus of electricity at that time. Currently, this technology has become of a high cost, in addition to the problem of lack of electricity. In the new technology, natural gas will be used instead of electricity and this will spare around 150 Megawatts that can be used by the public network.

Source: Zawya