Middle East Economic Survey
EHC Secures Financing For $454Mn Ammonium Nitrate Project
Egypt Hydrocarbon Corporation (EHC), which is an affiliate of Carbon Holdings, has secured funding for its $454mn project in 'Ain Sukhna, the company announced. It will produce 925 tons/day of nitric acid from anhydrous ammonia, which will then be converted into 1,060 t/d of ammonium nitrate. For the project $298mn of debt is being provided by Egyptian banks Commercial...