The EPC (Engineering, Procurement, and Construction) contract, valued at a total of US$300 million, has been conferred upon a consortium led by Tecnimont, with Tecnimont's share amounting to approximately US$220 million. This significant contract is earmarked for the construction of a plant that will supersede the aging ammonium nitrate units on-site. The new facility is poised to bring about a substantial reduction in greenhouse emissions, owing to the incorporation of state-of-the-art abatement systems, thereby elevating overall energy efficiency and environmental standards.

Anticipated to commence operations in 2026, the advanced plant will not only replace outdated units but will also unlock the full potential of the upstream ammonia production facility, previously constructed by Tecnimont. The ammonia production facility, successfully initiated in 2020 within the same industrial site situated in the Aswan Governorship, Upper Egypt, will synergize with the new plant, enhancing the economic returns of the entire complex.

Beyond its immediate impact on the industrial site, the produced ammonium nitrate holds dual significance. Primarily intended for use as a fertilizer, it will contribute to local agricultural development by empowering farmers to enhance the productivity of their fields. Simultaneously, the surplus ammonium nitrate will be channeled to international markets, augmenting the economic reach of this industrial venture.

The strategic construction of this cutting-edge plant underscores Tecnimont's commitment to sustainable and efficient industrial practices. By replacing outdated units and introducing state-of-the-art abatement systems, the project aligns with contemporary environmental standards, striving to minimize its ecological footprint.

As the plant is slated for operation in 2026, it marks a pivotal milestone in Tecnimont's endeavors. The timing is especially opportune, coinciding with the successful initiation of the upstream ammonia production facility in 2020. The synergy between these facilities not only enhances operational efficiency but also amplifies the economic viability of the entire industrial complex.

Moreover, the international dimension of this venture, with the export of ammonium nitrate to global markets, positions Tecnimont as a key player in the global fertilizer trade. The economic and agricultural impact of this dual-focused approach contributes to the broader sustainability goals, both at the local and international levels.

In essence, Tecnimont's leading role in the consortium and the subsequent award of the EPC contract underscore its expertise and prominence in the field of engineering and construction. The forthcoming plant's multifaceted contributions, from reducing greenhouse emissions to fostering agricultural productivity and international trade, demonstrate the comprehensive approach undertaken by Tecnimont in driving positive impact across various domains.

As the world continues to grapple with environmental challenges and strives for sustainable development, projects of this nature exemplify the transformative potential of forward-thinking industrial initiatives. Tecnimont's commitment to cutting-edge technology, environmental responsibility, and economic development positions it as a key player in shaping a more sustainable and efficient future. The successful realization of this project in 2026 is poised to be a testament to Tecnimont's capabilities and contributions to advancing industry standards.