Egypt, China’s Befar launches world’s 1st green chemicals project

Egypt’s Suez Canal Economic Zone (SCZone) witnessed on Tuesday the groundbreaking of a $500-million chemical manufacturing project by China’s Binhua (Befar) Group in Sokhna Industrial Zone, developed by TEDA-Egypt, as per a Cabinet statement.

The plant, which will produce chlor-alkali and complementary products, is set to be Egypt’s and the world’s first green chemical facility, relying on clean energy in its first phase.

The project spans 400,000 square metres and will be developed in two phases. The first phase covers 200,000 square metres at an investment cost of $300 million, with the second phase to follow at $200 million.

Construction for the first phase is expected to be completed within 18 months and will create around 800 jobs.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama