Indorama Ventures to expand Egypt co-operation

Global petrochemicals producer Indorama Ventures is set to expand its co-operation with the Egyptian petroleum sector in green ammonia and battery feedstock manufacturing.

The company, which has invested $600 million in Egypt since 2007, aims to accelerate its high-quality phosphate fertiliser project, targeting completion of preliminary works by year-end and actual implementation next year.

Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, emphasised the country’s potential in mining and petrochemicals, highlighting opportunities for added value and economic contributions. He assured the government’s support for significant investments in vital sectors, aiming to transform Egypt into an export hub for high-quality products.