MOPCO, ThyssenKrupp Uhde sign $220M deal at EGYPES 2025
Updated 2/20/2025 8:32:00 AM
Arab Finance: Misr Fertilizers Production Company (MOPCO) and ThyssenKrupp Uhde Egypt inked a memorandum of understanding (MoU) to develop a CO2 recovery project with investments of $220 million, according to an official statement.
The project, the first of its kind in Africa and the Middle East, aims to reduce CO2 emissions from MOPCO's ammonia plant, boost operating efficiency, expand urea production, and enhance natural gas use.
Thomas Kufahl, CEO of Thyssenkrupp Uhde Egypt, signed the agreement with Ahmed Mahmoud El-Sayed, Chairman and Managing Director of MOPCO, at the Egypt Energy Show (EGYPES 2025).
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing ceremony, along with President and Chairman of Egyptian Petrochemicals Holding Company (ECHEM) Ibrahim Abdelqader Mekki Mahgoub and CEO of Germany's Thyssenkrupp Uhde Nadja Hakansson.
The companies will establish three urea plants to produce the TGU needed to produce Add Blue, which is used to remove harmful nitrogen oxides from vehicle engine exhausts and lower CO2 by about 150,000 tons annually.
Furthermore, the project will cut 10% of the total consumption of natural gas used in ammonia production, increasing urea production by 10% from current facilities.
On his part, MOPCO’s Chairman highlighted that the project represents a strategic step towards improving the efficiency of the company’s factories and reducing the environmental impact.
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