# Egypt signs urea supply contracts for Suez Methanol Derivatives project

The Egyptian Minister of Petroleum witnessed the signing of two urea selling and supplying contracts for the Suez for Methanol Derivatives project, with investments of $50 million to produce 18,000 tons of UFC 85, 43,000 tons of UFC 65, and 26,000 tons of sulphonated naphthalene formaldehyde per year.

- Type: Contract
- Announced: 2018-01-30
- Where: Egypt
- Value: $50.0M
- Status: announced
- Capacity: 18,000 tons of UFC 85, 43,000 tons of UFC 65, 26,000 tons of sulphonated naphthalene formaldehyde per year
- Products: urea-formaldehyde concentrate, sulphonated naphthalene formaldehyde
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Suez Petroleum Services Company](https://endata.com/companies/29703.md)
- [Abu Qir Fertilizers Company](https://endata.com/companies/29704.md) (partner)
- [Misr Fertilizers Production Company](https://endata.com/companies/29705.md) (partner)

## Sources

- [egyptoil-gas.com](https://egyptoil-gas.com/news/egypt-signs-new-petrochemical-contracts/), 2018-01-30: "The project is seen as a new leap in the Egyptian petrochemical industry as it is the first of a kind to produce methanol products used in making fertilizers, ready mix concrete, and adhensives."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.