Alamein for Silicon Merchandise Firm (ASP) has signed a long-term joint financing settlement price $140 million to launch the primary section of the Silicon Metallic Manufacturing and Derivatives Advanced. Established underneath the Egyptian Petrochemicals Holding Firm (ECHEM), the venture is a centerpiece of Egypt’s technique to localize high-value industries.
The financing establishments embrace Qatar Nationwide Financial institution (QNB), Industrial Worldwide Financial institution (CIB), and Banque du Caire, with the Nationwide Financial institution of Egypt (NBE) serving because the venture’s monetary advisor, in line with a press release by the Ministry of Petroleum and Mineral Assets (MoPMR).
The economic complicated, which was not too long ago granted the Golden License by the Egyptian Cupboard to expedite development and operations, represents a complete preliminary funding of $200 million for its first section.
Designed to course of Egypt’s high-purity quartz (HPQ) ore into value-added merchandise, the venture goals to supply 45,000 tons per 12 months (t/y) of metallic silicon in Section 1. Subsequent phases embrace the manufacturing of siloxane intermediates (60,000–100,000 t/y), a 25,000 t/y polysilicon plant for photo voltaic cells, and downstream amenities for silicone rubber and oil. The venture is predicted to enhance Egyptian silicon export volumes by 50% following the completion of the primary section.
Minister of Petroleum and Mineral Assets Karim Badawi, who attended the signing ceremony, said that the venture is significant for lowering the nationwide import invoice and maximizing the financial returns of Egypt’s mineral sources.
Badawi emphasised that the ministry intends to additional prioritize financing for petrochemical and value-added initiatives all through 2026 to make sure the speedy execution of the nationwide industrial roadmap. By remodeling uncooked quartz into intermediate and closing merchandise, the complicated will assist the home electronics and renewable vitality sectors.
The four-phase improvement is slated for completion by June 2027. By transitioning from the export of uncooked HPQ ore to the manufacturing of polysilicon and silicon derivatives, the New Alamein facility aligns with the state’s broader vitality transition targets.
