Needs of petrochemicals are growing in paints, rubber, plastics, detergents, textiles, and medicines. Egypt's exports surged by 23% to $8.6 billion.
Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024.
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.
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.
The project aims to contribute to GDP growth, increase foreign direct investments, and support the petrochemical sector in Egypt.
The government will offer shares in state-owned petrochemical companies and Wataniya fuel stations in the next two months.
Egypt-based Paint and Chemicals Industries (PACHIN) company will voluntarily delist its shares from the Egyptian Exchange after being acquired by UAE.
With an investment surpassing $100 million, the new factory is built over an expansive area of 94,000 square meters.
Established in 1929, EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals.
The land inspected will see the launch of the first phase of metallic silicon, soda ash and its derivatives projects, and other planned projects.
The Chemical Industries Holding Company (CIHC) received offers from investors who are interested to buy 30 percent or less of its shares.
Sales surged 48.88% YoY to EGP 6.611 billion in FY 2022/2023, compared to EGP 4.440 billion in the FY before.
Egypt's booming construction sector spurs key developments in construction chemicals. Major players like Saint-Gobain and Sika expand new practices.
Meanwhile, revenues grew 69.19% YoY to EGP 6.563 million, up from EGP 3.879 million in H1 2022.
Q2 2023 results were impacted by lower selling prices, as volatility in European gas prices continued.
The production depends on using Abu Tartur phosphate ore and maximizing its added value instead of exporting it as a raw material.
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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Egyptian state-owned Sidi Keril Petrochemicals (Sidpec) said its board of directors had approved the takeover of another state-owned company.
GTEZ) has received three offers worth $1.6 billion to build phosphate fertilizers and phosphoric acid factories at the zone in Safaga