Cairo-Orascom Construction Industries (OCI), Cairo, has signed a Memorandum of Understanding with Maire Tecnimont to explore potential fertilizer opportunities in sub-Saharan Africa. The 50-50 joint partnership will take charge of all aspects of proposed projects, including engineering, procurement and construction, licensing, plant operations, equity participation, partnership, and debt financing arrangements. OCI and Maire Tecnimont are currently collaborating on the Borouge 3 Polyolefin Units and Utilities and off-site facilities in Ruwais, Abu Dhabi. OCI signed US$146 million worth of construction contracts with Tecnimont SpA/Samsung Engineering Co. Ltd. joint venture to execute piling, civil works, and buildings for the project.
Transparency Across the Fertilizer Value-Chain