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Thursday, July 30, 2026 12:14 GMT
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Deng Zhaojing, General Manager of China National Chemical Engineering Group (CNCEC), and the accompanying delegation to discuss accelerating several local strategic projects, especially the Soda Ash production project in New Alamein and the Red Sea National Petrochemicals Company complex in the Suez Canal Economic Zone (SCZone).Beside the two projects, Zhaojing said the group is investing in several petrochemical operations in Egypt, related to metallic silicon and bio-ethanol. He added that the group has been operating in Egypt for nearly 20 years.The meeting was attended by Alaa-Eldin Abdel-Fattah, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM); Rasha Ramadan, ECHEM Vice Chairman for Financial and Economic Affairs; Mahmoud Nagi, Undersecretary for Safety, Environment, Energy Efficiency, and Climate and Official Spokesperson for the Ministry; and Mohamed El-Bagoury, Head of the Central Administration for Legal Affairs at the Ministry.Under the oversight of ECHEM, the soda ash production complex in the New Alamein City Industrial Zone is moving forward with investments exceeding $680 million. Implemented with China’s Tianchen Engineering Corporation (TTC), the project should be completed by mid-2027, producing 600,000 tons of soda ash annually to localize high-value chemical industries and reduce the national import bill.The Red Sea Petrochemicals Complex in SCZone is designed to produce a range of petrochemical products through an advanced oil refinery and steam cracking units, enabling the production of ethylene and propylene.