Karim Badawi, Minister of Petroleum and Mineral Sources, met with Deng Zhaojing, Normal Supervisor of China Nationwide Chemical Engineering Group (CNCEC), and the accompanying delegation to debate accelerating a number of native strategic tasks, particularly the Soda Ash manufacturing venture in New Alamein and the Crimson Sea Nationwide Petrochemicals Firm advanced within the Suez Canal Financial Zone (SCZone).
Beside the 2 tasks, Zhaojing stated the group is investing in a number of petrochemical operations in Egypt, associated to metallic silicon and bio-ethanol. He added that the group has been working in Egypt for practically 20 years.
The assembly was attended by Alaa-Eldin Abdel-Fattah, Chairman of the Egyptian Petrochemicals Holding Firm (ECHEM); Rasha Ramadan, ECHEM Vice Chairman for Monetary and Financial Affairs; Mahmoud Nagi, Undersecretary for Security, Surroundings, Power Effectivity, and Local weather and Official Spokesperson for the Ministry; and Mohamed El-Bagoury, Head of the Central Administration for Authorized Affairs on the Ministry.
Beneath the oversight of ECHEM, the soda ash manufacturing advanced within the New Alamein Metropolis Industrial Zone is shifting ahead with investments exceeding $680 million. Carried out with China’s Tianchen Engineering Company (TTC), the venture ought to be accomplished by mid-2027, producing 600,000 tons of soda ash yearly to localize high-value chemical industries and scale back the nationwide import invoice.
The Crimson Sea Petrochemicals Complicated in SCZone is designed to supply a variety of petrochemical merchandise by a sophisticated oil refinery and steam cracking items, enabling the manufacturing of ethylene and propylene.
