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    Nitrogen Industry News Roundup

    Maire Tecnimont subsidiary Tecnimont SpA has finalised its $350 million EPC contract with Egypt Hydrocarbon Corp. (EHC) for the construction of a new ammonia plant at Ain Sokhna. The preliminary contract was announced in September last year. The contract for the plant, which will produce 1,320 t/d of ammonia, also includes extensive utilities and offsite facilities. Project completion is scheduled for 36 months from the effective contract date, which will be triggered by financial closure of the project. Project finance is being arranged by the Italian export credit agency SACE and the US EXIM Bank. The ammonia will be used to feed an ammonium nitrate plant, already existing and in operation in the same industrial facility, also owned by EHC.

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    Siroj Loikov has been appointed First Deputy CEO of PhosAgro. Loikov, who was previously Deputy CEO in charge of international projects and personnel policy, will coordinate the work of the company’s headquarters in Moscow, its management company in Cherepovets and the company’s production sites. He will also oversee the implementation of the PhosAgro’s priority development projects and will be responsible for the appointment, development and assessment of the work of the company’s top management.