Continental Focus, International Reach

New Ethanol and Ammonia Project for Egypt on the Books

Wednesday, August 25, 2021

An agreement was signed this week to create the Misr Methanol and Petrochemicals Company, according to a statement by Egypt’s Ministry of Petroleum. Helwan Fertilizer and Abu Qir Fertilizers companies will own a 35% stake for each, while Al Ahly Capital Holding Company will hold the remaining 30% stake.

The project will be located in the Suez Canal Economic Zone (SCZone) in Ain Sokhna. The investment cost of the first phase amounts to 1.6 billion, and it will have a production capacity of 1 million tons of ethanol and 400,000 tons of Ammonia per year.

The agreement was signed by Saad Abou El Maaty, Abu Qir Fertilizers Company Chairman; Hassan Abdel-Alim, Helwan Fertilizer Company


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