Chemicals News
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Top 10 petrochemical industry of Egypt
Needs of petrochemicals are growing in paints, rubber, plastics, detergents, textiles, and medicines. Egypt's exports surged by 23% to $8.6 billion.
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Egypt aims to boost petrochemical, fertilizer exports to Africa by 10% in 2024
Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024.
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Chemical and Fertilizers Export Council, Tabseer partner to facilitate Egyptian exports to KSA
Egypt's Chemical and Fertilizers Export Council (CEC) enters into an agreement with Tabseer from Saudi Arabia to facilitate access to Saudi market for its members.
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Egypt: Kima unveils $297m joint project with Technomont
The board members of Kima greenlighted the Italian company’s offer to implement a project with a daily production capacity of 600 tonnes of acid.
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Anchorage Investments to develop $2.5bln petrochemical project in SCZONE
The project aims to contribute to GDP growth, increase foreign direct investments, and support the petrochemical sector in Egypt.
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Egypt to offer stakes in state-owned petrochemicals within 2 months
The government will offer shares in state-owned petrochemical companies and Wataniya fuel stations in the next two months.
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PACHIN to delist shares from Egyptian Exchange after acquisition by UAE
Egypt-based Paint and Chemicals Industries (PACHIN) company will voluntarily delist its shares from the Egyptian Exchange after being acquired by UAE.
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El Mohandes Jotun inaugurates state-of-the-art factory at Zona Franca industrial zone
With an investment surpassing $100 million, the new factory is built over an expansive area of 94,000 square meters.
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Egypt: EFIC’s consolidated profits drop 12.9% YoY in H1
Established in 1929, EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals.
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Petroleum Min. Inspects Land for New Petrochemical Projects in Alamein
The land inspected will see the launch of the first phase of metallic silicon, soda ash and its derivatives projects, and other planned projects.
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CIHC considers selling 30% or less of its shares in Eastern Company
The Chemical Industries Holding Company (CIHC) received offers from investors who are interested to buy 30 percent or less of its shares.
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Egypt: KIMA posts 83% YoY profit growth in FY 2022/23
Sales surged 48.88% YoY to EGP 6.611 billion in FY 2022/2023, compared to EGP 4.440 billion in the FY before.
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Egypt's rising star: construction chemicals
Egypt's booming construction sector spurs key developments in construction chemicals. Major players like Saint-Gobain and Sika expand new practices.
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Sidi Kerir Petrochemicals sees 158.33% YoY profit surge in H1
Meanwhile, revenues grew 69.19% YoY to EGP 6.563 million, up from EGP 3.879 million in H1 2022.
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Fertiglobe reports H1 2023 revenues of $1.2bln and adjusted EBITDA of $516mln
Q2 2023 results were impacted by lower selling prices, as volatility in European gas prices continued.
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Egypt’s Prime Minister meets to discuss phosphoric acid production project in Abu Tartur
The production depends on using Abu Tartur phosphate ore and maximizing its added value instead of exporting it as a raw material.
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Egypt's ECARU, Qalaa, Axens to conduct studies on second-generation bioethanol project
The project will be executed in two stages, the first of which is producing advanced bioethanol and the second is producing SAF.
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Significant production efficiencies to be realized at Egyptian Chemical Plant
Thanks to Automation, Motor Control and Enclosure Solutions from Rockwell Automation .
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Egypt's Sidpec to acquire Ethydco after Abu Dhabi Fund bid
Egyptian state-owned Sidi Keril Petrochemicals (Sidpec) said its board of directors had approved the takeover of another state-owned company.
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Egypt’s GETZ receives 3 offers to build $1.6bln phosphate fertilizer factories
GTEZ) has received three offers worth $1.6 billion to build phosphate fertilizers and phosphoric acid factories at the zone in Safaga