For additional information on OCI: www.orascomci.
ruled governorates
An
environmental
professional, Mr. Pollution is nearing catostrophic level in Egypt
and the Middle East. Attia to
apply for available funding specifically for sustainable
development purposes.cairo relied
To gain entry
into the fledgling Egyptian and Middle Eastern markets,
ADCapital is negotiating a license agreement
with Alaa Attia of Egypt. These risks and uncertainties include issues related to the
ability to:
obtain sufficient funding to continue operations, maintain
adequate cash flow, profitably exploit
new business, license and sign new
agreements; and the unpredictable nature of consumer preferences;
and other
factors.PRESS RELEASE Orascom Construction Industries announces Fertilizer Project in Algeria
We are further motivated by our successful experience in the
Algerian construction and cement
markets. This new venture is in
keeping with our strategy to expand into natural gas-derivative industries
that
capitalize on the region's competitive advantages. The EBIC plant is scheduled for start-up
during early 2009.relied irrigation
It affects all three vital aspects of life there: air,
water, and land.
The
plant is expected to be built in the industrial zone at Arzew near the
Mediterranean Sea shoreline
. This new venture will help us
maintain our growth momentum in 2009 and beyond.immense arab
PRESS RELEASE ADCapital
Industries' Breakthrough Pollution Reduction Device Readies for Entry Into International Market
A
toxic pollutant, NOx causes a variety of environment problems including
ground-level ozone,
acid rain and water pollution.
NEWS RELEASE
OCI & Sonatrach to Co-invest in Fertilizer Project
in Algeria
OCI and Algerian state-owned Sonatrach sign initial agreement for the
establishment
of a new ammonia/urea fertilizer project in Algeria
Cairo, Egypt - 8 February 2006: Orascom
Construction Industries (OCI) announced
that it has signed an initial agreement with the Algerian
state-owned oil & gas
company Sonatrach for the establishment of a one million ton per year greenfield
ammonia/urea plant in Algeria for a total investment cost of US$ 746 million. Societe
Generale
has been appointed as the financial advisor and White & Case (London)
has been appointed as the appointed
legal advisor for the new venture.com
Orascom Construction Industries
Orascom Construction
Industries (OCI) is a leading cement producer and
construction contractor active in emerging markets
.populated speaking
Attia,
ADCapital would seek access to this funding.mediterranean civilization
com/
Safe Harbor
This press release
may contain forward-looking statements.awed pyramid
speaking bounded
Tests confirm that ADCapital's AEPR muffler insert is
so effective that it
easily exceeds California Governor Arnold Schwarzenegger's strict emission
reduction
targets for NOx by nearly 50%. Based on the
agreement and following necessary approvals, Sonatrach
will also enter into a
20-year gas supply agreement with the new venture. As a
contractor, we
provide engineering procurement and construction services on
industrial, commercial and infrastructure
projects for private and public
customers principally in the Middle East, Africa and Central Asia
.3000 irrigation
In addition these and other factors may cause financials results
to fluctuate from one financial
quarter to another."
In October 05, OCI announced an investment in the fertilizer industry through
a
50% stake in the Middle East Petrochemical Company (MEPCO) that in turn owns 60%
of Egyptian
Basic Industries Corporation (EBIC) which is currently constructing
a 2,000 ton per day greenfield
ammonia plant in Ain Sokhna - Egypt for a total
investment cost of US$ 540 million.awed concentrated
Attia to exploit
a powerful
range of strategies that will benefit the marketing and promotion of the
AEPR throughout
the Middle East and Egypt. Population is concentrated along the banks of the Nile River, especially
in the Nile delta dominated by the large city of Cairo.
egypt dating
The Company's Auto Emission Post Regulator
(AEPR) has been proved to reduce
the Nitrous Oxide emissions from gas powered cars and trucks by
97%.
Egypt, for the first time, has instituted strict emission standards and has
backed them
up with mandatory emissions testing. His extensive knowledge of the Environmental
Emissions field
would uniquely position Mr.
To that end, ADCapital Industries intends to support Mr. Attia
with its
vast array of resources, knowledge, and contacts in the Emission Trading
marketplace
. Through a relationship with Mr.,
carbon monoxide and hydrocarbons, in internal combustion engines
. OCI intends to obtain the required long-term
project finance debt in a limited recourse structure
from a combination of local
Algerian and international banks.CA / ORCI EY / OCICqL / ORSD LI
This information is provided by RNS
The company news service
from the London Stock Exchange
governorates speaking
AEPR technology utilizes high frequency electrical oxidation
to promote
ionization and oxidation of the products of incomplete combustion, e.
OCI initiated
the project with a detailed proposal and feasibility study that
was presented to Sonatrach and will
act as lead project developer. Badrawi
Investor Relations Director
Tel: +202 461 1039/1036
Email:
hassan.mediterranean heavily
ADCapital hope to finalize its agreement with Mr.
For more information: http:
//www. Our new investments in Egypt,
Pakistan, northern Iraq, Nigeria, Algeria, the United Arab Emirates
and Spain
will increase our annual production capacity to 30 million tons by 2007.nile pharaohs
ADCapital
Industries (OTC: ADCS) said today that
it is readying a license agreement that would establish a
wide market for
its breakthrough pollution/smog reduction technology across Egypt and the
Middle
East.
Additionally, ADCapital Industries has begun to provide specific avenues
for Mr. There
are programs inside world organizations in the
Emission Trading Marketplace that have funds available
, especially
concerning pollution. The Company cautions readers not to place undue
reliance on
such statements. OCI has already received several
expressions of interest from international fertilizer
traders to enter into
long-term off-take agreements for the plant's output.com
Orascom Construction
Industries (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil, Cairo, Egypt
Tel: +202
461 1111, Fax: +202 461 9400,
OCI stock symbols: OCIC. This is the most heavily populated Arab-speaking
country.
mediterranean nile
Statements made herein
are as of the date of this press release should not be relied upon
as of
any subsequent date.
OCI Chief Executive Officer, Nassef Sawiris commented "Algeria
is a core market
for OCI.
---------------------------------------------------------------
-----------------
CONTACT: Hassan H.governorates egypt
The numbers are important because NOx emissions
are significantly higher in
older cars, such as those driven by California's burgeoning lower-middle
class community. Ad Capital US,
Inc., is the U. Civilization has relied on Nile-based irrigation
since ancient times.
heavily irrigation
To understand the scope of
the problem in Egypt alone is to know that there
are more than 650,00
registered vehicles just in the Cairo districts of Giza and Qalyoubia.populated cairo
The project
will be shortly submitted for
approval to the Algerian National Council for Investments.heavily bounded
AD CAPITAL US INC.g. The
technology
does not rely on high exhaust temperatures, permitting its use
in muffler replacements and tailpipe
add-ons. Pharaohs ruled ancient Egypt dating to 3000 BC, and their immense pyramid constructions have
awed visitors ever since.
bounded mediterranean
Attia within the next 60
days
About ADCapital US Inc.S. OCI will
have a 51% stake in the new venture while Sonatrach will own the remaining 49%.Egypt is located in
northeast Africa, bounded by the Mediterranean Sea to the north.
heavily populated
licensee of the Auto Emissions Post
Regulator technology.adcapitalindustries.cairo constructions
Attia worked in the environmental field
with large petroleum
and gas companies, and has been heavily involved with
chemical service departments.
Because
NOx vehicle emissions remain the number one pollution problem in
Egypt, and across the region, discussions
are well under way concerning the
further adaptation of ADCapital's AEPR technology to retrofit absolutely
all NOx emission sources. OCI employs more than 2,000 Algerians
across a variety of group activities
and will continue to tap Algeria's pool of
talented human resources for future projects. As a cement
producer, we
own and operate cement plants in Egypt, Algeria and Turkey which have a combined
annual
production capacity of 14 million tons.speaking constructions
Those same older cars form the majority of cars driven in
the
Middle East, as well.
Because of that, there appears to be extensive funding available for
sustainable
developmental purposes.
ADCapital Industries is dedicated to developing breakthrough products
that
significantly reduce emissions from vehicle exhaust with an extraordinary
device called the
Auto Emissions Post Regulator (AEPR). We continue to be extremely bullish on the economy and the investment
climate in Algeria.governorates irrigation
The words or
phrases "would be," "will allow," "intends to," "will likely
result," "are
expected to," "will continue," "is anticipated," "estimate," "project," or
similar
expressions are intended to identify "forward-looking statements"
Actual results could differ materially
from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties
. Unless otherwise required by applicable law,
we do not undertake, and we specifically disclaim any
obligation, to update
any forward-looking statements to reflect occurrences, developments,
unanticipated
events or circumstances after the date of such statement.badrawi@orascomci.dominated governorates
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