Befar to Begin PU Manufacturing in Suez for Green Marine Project

The Suez Canal Economic Zone (SCZone) and Befar Group have signed a framework agreement to set up the Chinese company’s Green Marine project. This will be located in the Teda-Egypt area within the Sokhna Industrial Zone, about 50km south of the canal on the Gulf of Suez.

The project will have three phases. The second phase will include polyurethanes, with capacity set to be built for the production of PU, polyether and chlorine products for local industries, including the automotive and building materials sectors. It will also make soda ash products for glass manufacture.

In the first phase of the project, $250m will be spent on a site to produce caustic soda, hydrochloric acid, bleaching agents and bromine products. The final phase will focus on C2-C5 local resources to develop advanced technologies for the production of new chemicals.

The agreement was signed at the Chinese embassy in Cairo. The meeting also included a discussion between Walied Gamal El-Dien, chairman of the SCZone’s general authority, and the Chinese delegation about how they could cooperate in the common interest. Chinese investments in the Teda-Egypt area made in partnership with the SCZone represent 40% of the total investments in the zone, he said.

Source: Urethanes Technology