Valmore Holding Unit Signs MoU With Consortium Comprising Abu Qir, Orascom Construction, UEG

About this update from Abou Kir Fertilizers & Chemical Industries Co.

VALMORE HOLDING EGX:ABUK:VALMORE HOLDING - MOU SIGNED BETWEEN A CONSORTIUM COMPRISING OF ABU QIR, ALEXFERT (A SUBSIDIARY OF VALMORE HOLDING), ORASCOM CONSTRUCTION, AND UEGVALMORE HOLDING - MOU TO ESTABLISH A MEDITERRANEAN GREEN HYDROGEN HUBVALMORE HOLDING - UEG, ORASCOM TO LEAD FEASIBILITY STUDIES ON 500 MW RENEWABLE ENERGY GENERATIONVALMORE - UNDER MOU, UEG AND ORASCOM CONSTRUCTION WILL LEAD FEASIBILITY STUDIES AROUND 500 MW RENEWABLE ENERGY GENERATION, GREEN HYDROGEN PRODUCTIONVALMORE - UNDER MOU, ABU QIR AND ALEXFERT WILL EVALUATE INTEGRATION OF GREEN HYDROGEN INTO AMMONIA PRODUCTION PROCESSESVALMORE HOLDING - ABU QIR AND ALEXFERT WILL FACILITATE ACCESS TO LOCAL RESOURCES AND INFRASTRUCTURE

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