hassan esmail

20 Quitbai

Cairo

Egypt

Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments

As part of the project, the company will shut down 18 existing oil refining units and install new ones.

They lodged an anti-dumping complaint against Chinese manufacturers operating out of Egypt alleging that they benefit from unfair subsidies.

The initiative is expected to enhance trade efficiency, lower logistical costs, and save Egypt an estimated $284 million annually.

The complex will have a total production capacity of 10 mn tons of phosphate once fully operational.

As part of the agreement, Konecta plans to invest approximately $100 million in Egypt over the next three years.

Industry Events

boot Düsseldorf 18.01.2025

Cairo Fashion & Tex 13.02.2025

EGYPES 17.02.2025

STITCH & TEX 20.02.2025

bauma 07.04.2025

Download the free 180 pages report