PHOTO
Egypt intends to embark on major projects as part of its long-term strategy to develop an export-oriented petrochemical industry, a newspaper has said.
The strategy, which stretches until 2040, comprises projects covering petrochemicals, soda, silicon, methanol and bio-ethanol, the Arabic language daily Addustour said, citing a government report.
One of the projects is a silicon and derivatives complex in the Northern port of El Alamein at a cost of around $172 million, it said.
Other projects include a soda production plant at a cost of $684 million, a $120-million methanol plant, a $120 million bio-ethanol factory, a $380 million biofuel project and a 120,000 tonnes/year capacity green ammonia plant in the North-eastern Damietta city, according to the report.
(Writing by Nadim Kawach; Editing by Anoop Menon)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
