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| JGC to invest in Ammonia Manufacture in Egypt JGC Corporation, a major Japanese engineering company based in Yokohama, Japan, and its partners have finalized a plan to invest in an ammonia manufacturing and resale business in Egypt. The partners include KBR, Orascom Construction Industries (OCI), Egypt General Petroleum Corporation, Mitsubishi Corporation, as well as other investors. The partners have established Egypt Basic Industries Corporation, an operation company in Egypt. The company will own and operate a manufacturing facility with an annual production volume of 700,000 tons of ammonia in the Suez Industrial Zone, an industrial district along the northeastern shoreline of the Suez in Egypt. Natural gas as the raw material of ammonia will be supplied by Egyptian General Petroleum Corporation. The facility will start production in the first quarter in 2009. write your comments about the article :: © 2006 Construction News :: home page |