After stopping the availability…

Written by: Omnia Assem:
Abu Qir Fertilizers and Chemical Industries Firm introduced the beginning of procedures for the venture to exchange a part of pure fuel with hydrogen.

The corporate introduced the entire shutdown of its three factories yesterday, Tuesday, because of the interruption of some regional fuel provide sources in addition to the continued scorching climate, which led to an unprecedented improve of their vitality consumption ranges.
The corporate defined in a publication despatched to the Egyptian Inventory Alternate at this time, Thursday, that it was unanimously agreed to put in solar energy stations within the firm with a complete capability of two.5 megawatts, to cut back electrical energy consumption from the community or inside electrical energy. mills.

The Council additionally unanimously agreed to undertake the overall framework of the corporate’s draft planning finances for the fiscal yr 2024/2025, with a complete earnings of 21.35 million kilos, and the worth of gross sales amounting to 18.65 million kilos, whereas the revenue earlier than tax was recorded. 7.14 million kilos.
Shares of Abu Qir Fertilizers and Chemical Industries Firm rose 1.10% because the starting of the session on Thursday, because the share worth opened at 58.61 kilos.

The Ministry of Petroleum Assets and Minerals had diminished the availability of pure fuel to petrochemical and fertilizer factories in Egypt in mid-June, earlier than regularly returning the availability from the day after the choice.

Abu Qir Fertilizers and Chemical Industries Firm was established in 1976. It was listed on the Egyptian Inventory Alternate in 1994. It specializes within the manufacturing and advertising of nitrogenous, combined and liquid fertilizers of every kind to fulfill to Egypt’s market and export wants. the remainder to African markets.