The Arab Petroleum Investments Corporation (APICORP) has agreed to two loan facilities worth a combined US$250mn with Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach International Holding Corporation owned by Sonatrach, the Algerian state-owned national oil company
Manufacturing
Equatorial Guinea to convert Punta Europa Methanol Plant to modular refinery
A feasibility study is underway on the potential to convert Equatorial Guinea’s methanol plant at Punta Europa
Grundfos wins Frost & Sullivan award for sustainable water supply
Frost & Sullivan has recognised Grundfos with the 2019 Global Emerging Market Innovation Award for solar-powered water pumps
Swedish Stirling and Samancor Chrome sign deal on smelter facility in South Africa
Swedish Stirling AB has signed an agreement with the South African company Samancor Chrome’s subsidiary TC Smelter Proprietary Limited (Samancor Chrome) for the installation of a pilot facility with one PWR BLOK unit at the TC Smelter facility in South Africa
AfDB approves US$121.34mn to transform sewage coverage in rural Egypt
The Board of Directors of the African Development Bank (AfDB) has approved a US$121.34mn facility for the development of sewage disposal and wastewater treatment plants for rural areas in Luxor Governorate in Egypt’s Upper Nile region