Abu Qir Fertilizers and Chemicals Industries Company (ABUK) announced that its board of directors approved to consider the establishment of the Green Hydrogen and Green Ammonia project in partnership with France’s Total Co
The new integrated complex for the production of methanol, ammonia and its derivatives in the industrial zone of Ain Sukhna, Egypt, aims to export its products with a production of one million tons of methanol and 400 thousand tons of ammonia annually.
NI Capital, the advisor on the government’s IPOs program, has informed Abu Qir Fertilizers and Chemicals Industries Company (ABUK) that four shareholders in the company seek to promote and market a percentage of the company’s shares
The offering is being promoted for via a virtual roadshow that targets institutional investors, he added pointing out that the transaction shall be concluded prior to the end of 2021.