MEG prices

 MEG prices in the US fell by about 4% in late May due to oversupply and disruptions, compounded by adverse weather and hurricanes impacting the oil and petrochemical markets.


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Ballestra and Petrojet Awarded Major NCIC3 Project in Egypt

El Nasr Company for Intermediate Chemicals (NCIC) has chosen Ballestra and its long-term partner Petrojet for the construction of new sulphuric acid and phosphoric acid plants as part of the NCIC3 project in Ain Sokhna, Egypt. The Ballestra-Petrojet consortium secured an EPC contract to deliver two sulphuric acid production lines using MECS Elessent technology and two merchant-grade phosphoric acid lines based on Prayon technology. Paolo Iengo, Managing Director of Ballestra, stated: “Our goal is to build long-term trust with our clients and grow together. This portion of the NCIC3 project, featuring two new sulphuric acid lines and two phosphoric acid lines, marks our twelfth collaboration with NCIC, highlighting our role in Egypt’s industrial expansion. I would like to extend my gratitude to our partner Petrojet and congratulate Wuhan Engineering on being awarded the balance of the NCIC3 project.”
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Wuhuan Engineering Secures Major EPC Contract for Kazakhstan's Nitrogen Fertilizer Complex

On July 2, at the 7th Plenary Meeting of the China-Kazakhstan Entrepreneurs Committee in Astana, Wuhuan Engineering Co., a subsidiary of China National Chemical Engineering Group Corporation, signed an EPC contract with KazAzot for Kazakhstan's nitrogen fertilizer complex project. The signing was witnessed by Kazakhstan's first deputy prime minister, Roman Sklyar. This project is Kazakhstan's first large-scale, modern nitrogen fertilizer complex, producing synthetic ammonia, urea, nitric acid, and ammonium nitrate using advanced international technologies and Chinese standards. It aims to fill the domestic fertilizer gap and enhance the country's chemical industry, contributing significantly to economic transformation. Wuhuan Engineering, located in Wuhan East Lake High-tech Development Zone (Optics Valley of China), is a state-owned leader in chemical design and construction. The company has completed over 3,000 large and medium-sized design projects and 300 EPC projec...
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