Arab Finance: Misr Chemical Industries Company has signed a contract with a consortium comprised Electro Mechanic Civil Construction Engineering Solutions (EMCCES) and Gulf Cryo to supply hydrogen gas, according to a statement sent to the Egyptian Exchange (EGX) on June 25^th.

The EMCCES-Gulf Cryo alliance will establish a special unit for processing, marketing, and exporting of hydrogen gas for various uses at their own expense.

The unit will be operational within a year from the contract’s signing date.

This project is expected to boost the annual revenues of Misr Chemical Industries by about EGP 33 million.

It will be established and installed inside a factory belonging to Misr Chemical Industries, in the El-Max area of Alexandria, as per a statement by the Egyptian Cabinet.

The EMCCES and Gulf Cryo will also be responsible for managing, operating, and maintaining the unit.

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