Egypt announces deal for large petrochemical production complex
The new integrated complex for the production of methanol, ammonia and its derivatives in the industrial zone of Ain Sukhna, Egypt, aims to export its products with a production of one million tons of methanol and 400 thousand tons of ammonia annually.
Egypt’s General Authority for Suez Canal Economic Zone (SCZONE) has announced the signing of a contract to build the largest integrated industrial complex for the production of methanol, ammonia, and its derivatives at Ain Sukhna’s industrial zone.
The deal was inked between SCEZone, Abu Qir Fertilizers and Chemicals Industries Company (ABUK), and Al Ahly Capital Holding.
