Two Chinese engineering companies, East China Engineering Science and Technology (ECEC) and Sinopec Ningbo, have made the final round of bidding for a basic engineering contract to build the $1.7-billion, or R31.5-billion, Hiryo coal-to-fertiliser industrial complex in Kriel, Mpumalanga, for blue ammonia and sustainable chemicals producer SUISO. The final decision is expected to be made this month by multilateral financial institution the African Export-Import Bank (Afreximbank), which was appointed by SUISO as the project’s sole lead arranger, financial adviser and debt syndicator.
