Arab Finance: Egypt’s Chemical Industries Holding Company (CIHC) has signed a partnership agreement with Misr Chemical Industries Co. (MCI) and Energy Cadence for Engineering and Projects Development to set up a joint venture (JV) under the name of PureDive, as per a statement.
The new JV is set to establish, manage, and operate a factory for the production of chlorine products.
These products will be used in several vital fields, such as water purification, soil remediation, pharmaceuticals industry, textiles industry, and printing.
The factory is also expected to produce chlorine and soda derivatives as well as chemicals.
This project aims to fulfill the local market’s demand, in addition to bolstering exports.