Matangi Industries

Egypt's Suez Canal Authority signs $2-B petrochemical complex deal

The first phase of the project aims to primarily produce polypropylene along with hydrogen.

After the signing, Badawi affirmed that the Egyptian mining sector is an important promising pillar of the national economy.

Egypt signed contracts with a joint Egyptian-Chinese venture for phase one design of the Red Sea Petrochemicals Complex in Ain Sokhna.

Karim Badawi, minister of petroleum and mineral resources, and key oil and gas industry representatives witnessed the signing.

As part of the project, the company will shut down 18 existing oil refining units and install new ones.

Chemicals Events

ACHEMA 14.06.2027

Download the free 180 pages report